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South Asian LNG Buyers Said Locked Out of Spot Market as Winter Approaches

South Asian LNG Buyers Said Locked Out of Spot Market as Winter Approaches

South Asian LNG buyers, particularly Pakistan and Bangladesh, are finding it difficult to pay high spot prices as the region moves into the winter season. Meanwhile, India has too much of the super-chilled fuel because domestic consumers refuse to pay top dollar. Asian liquefied natural gas spot prices jumped last week, hitting a seven-week high,…

December 1, 2022
Gazprom Keeps Natural Gas Flowing Through Ukraine, Pushing TTF Lower – LNG Recap

Gazprom Keeps Natural Gas Flowing Through Ukraine, Pushing TTF Lower – LNG Recap

European natural gas prices declined on Monday, when supply concerns were eased by Gazprom PJSC, which did not reduce the supplies it’s shipping through Ukraine after warning of cuts last week. The January contract fell by 1% after Gazprom said conditions had been met to keep moving gas at current levels into Ukraine, one of…

November 28, 2022
Storage Inventories, LNG Supply Keep Lid on European Prices Despite Cold Snap – LNG Recap

Storage Inventories, LNG Supply Keep Lid on European Prices Despite Cold Snap – LNG Recap

Cold weather has finally arrived in Europe, necessitating some of the season’s first natural gas storage withdrawals and lifting prompt prices.  The Title Transfer Facility (TTF) finished last week higher on colder forecasts and the gains held Monday, when the December contract finished 30 cents higher at $34.87/MMBtu. Other winter contracts fell with storage inventories…

November 21, 2022
Tourmaline Contracting Natural Gas Flows from Western Canada to Gulf Coast

Tourmaline Contracting Natural Gas Flows from Western Canada to Gulf Coast

As the top natural gas producer in Canada, Tourmaline Oil Corp. flowed 2.2 Bcf/d throughout the third quarter of 2022, with next year’s output expected to average 2.5 Bcf/d. Natural gas exports to the United States played a starring role in the company’s growth, and long-distance trading results have earned an American regulatory trophy. The…

November 7, 2022
Santos Looks to Balance Domestic Natural Gas Demand, Future LNG Prospects

Santos Looks to Balance Domestic Natural Gas Demand, Future LNG Prospects

Santos Ltd. management said strong domestic natural gas demand and persisting high global LNG prices helped the company continue breaking performance records in the third quarter as it navigated progress and potential setbacks for its major projects. Like other integrated Australian producers, Santos has had to straddle the line between heightened global demand for liquefied…

October 31, 2022
November Natural Gas Futures Prices Flat Despite Intraday Swings; Cash Slightly Higher on Cold Snap

November Natural Gas Futures Prices Flat Despite Intraday Swings; Cash Slightly Higher on Cold Snap

Natural gas futures took a breather Wednesday following a two-day rally at the front of the curve that lifted the prompt-month contract amid technically oversold conditions. Despite some intraday volatility, the November Nymex contract closed out Wednesday’s session at $5.606, off only seven-tenths of a penny from Tuesday’s close. December natural gas futures slipped 4.7…

October 26, 2022
East Asia spot LNG prices drop, TTF-EAX spread widens

East Asia spot LNG prices drop, TTF-EAX spread widens

Asia spot prices have fallen this week, with the December ‘22 ICIS East Asia Index (EAX) down more than 20% on 20 October from one week ago.

October 21, 2022
European Natural Gas Prices Mixed Amid Flood of Supplies, Market Intervention – LNG Recap

European Natural Gas Prices Mixed Amid Flood of Supplies, Market Intervention – LNG Recap

LNG continues to flood Europe, pushing the Title Transfer Facility (TTF) to a three-month low in intraday trading on Monday when the prompt month contract again finished lower.  Fundamentals on the continent are comfortable for the moment, with storage inventories nearly 91% full and above the five-year average. Warmer weather is also expected to continue…

October 10, 2022
Asian LNG Price Dips on Japan’s High Stocks, TTF Rises

Asian LNG Price Dips on Japan’s High Stocks, TTF Rises

The price spread between the ICIS East Asia Index (EAX) and Dutch TTF widened over the week, with East Asian spot prices dipping on high utility inventory levels in Japan and the latest tender cargo awards from south and southeast Asia.

September 30, 2022
South Korea Aiming to Boost Nuclear Output Amid Tight Global Energy Markets

South Korea Aiming to Boost Nuclear Output Amid Tight Global Energy Markets

Despite South Korea’s plan to boost the use of nuclear energy in the country’s power generation mix by 2030, LNG will continue to play an important role in the government’s new energy strategy.  President Yoon Suk-yeol was elected in March and is a strong supporter of nuclear energy. He plans to reduce the country’s dependence…

September 20, 2022
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