JKM

European natural gas prices rallied for a fifth day on Tuesday in the longest stretch of gains since September, pushed higher by global supply outages and strength in other commodities.  The April Title Transfer Facility (TTF) contract gained another penny to finish at $9.18/MMBtu on Tuesday, its highest settlement since last month. Strong storage inventories,…

Global natural gas prices oscillated on Monday as the market reacted to supply outages in the United States and Europe. Feed gas deliveries to the Freeport LNG export terminal on the upper Texas coast sank over the weekend. The facility is scheduled this week to restart a train that went offline in January. NGI data…

No. 1: Low natural gas prices are bringing more buyers back to the spot market for cheap LNG cargoes before costs rise, particularly in Asia. Buyers in China, Bangladesh and South America have issued buyer tenders scheduled to close over the next week for 27 cargoes, according to Kpler data. Meanwhile, buyers in China, India,…

European natural gas prices continued climbing higher on Tuesday, lifted partly by the largest U.S. gas producer’s decision to curb output significantly this quarter.  The Title Transfer Facility (TTF) gained across the curve, with the prompt month adding another 4% to finish about a quarter shy of $9/MMBtu on Tuesday. EQT Corp.’s announcement on Monday…

Freeport LNG Development LP said Tuesday the third train at its export facility on the upper Texas coast would be offline for another two weeks, extending a month-long outage and providing support for European natural gas prices.  Spokesperson Heather Browne told NGI on Tuesday that the company is working to finish motor repair work after…

Norway’s Equinor ASA has agreed to supply one of India’s largest chemical manufacturers using its growing portfolio of Norwegian and U.S. LNG under a new long-term sales and purchase agreement (SPA). Deepak Fertilisers and Petrochemicals Corp. Ltd. has secured 0.65 million metric tons/year (mmty) of liquefied natural gas for 15 years from Equinor that it…

Warm weather across the Northern Hemisphere continues to drag down global natural gas prices as demand remains weak and supplies are healthy.  Title Transfer Facility (TTF) and Japan-Korea Marker (JKM) futures have fallen by over 30% since the start of winter.  “The key drivers behind falling prices have been a mild winter, ongoing demand weakness…

Escalating tensions in the Middle East and uncertainty over U.S. LNG exports combined Monday to push European natural gas prices higher. Despite weak fundamentals, “geopolitics remain in focus” for the global energy market, said Schneider Electric analyst Robbie Fraser. Three U.S. servicemen were killed in a drone strike in Jordan over the weekend that was…

The tensions ratcheting up in the Middle East have left the Suez Canal devoid of LNG carriers to start the week, adding shipping lags and costs to cargoes for possibly the rest of the winter. However, the global natural gas market appears locked into a downward spiral as forecasts point to weaker price dynamics through…