JKM

European natural gas prices finished higher for the first time in eight days on Monday as the market once again focused on supply shortfalls this winter. A wave of liquefied natural gas (LNG) cargoes has been landing on the continent as traders looked to capitalize on soaring prices in recent weeks that hit a record…

European natural gas prices fell for a sixth consecutive day on Wednesday, the longest stretch of declines in more than a year, after they hit record highs last week. The February Title Transfer Facility (TTF) contract has almost been cut in half since it hit a record  of nearly $60/MMBtu on Dec. 21. The contract…

Global natural gas contracts traded on the Intercontinental Exchange (ICE) saw another strong month in November as the market remained tight amid a volatile stretch of trading that has the benchmarks on track to set annual records. Japan-Korea Marker (JKM) futures volumes of 76,567 lots last month took combined futures and options for 2021 to…

European natural gas prices again charged higher on Monday, setting new records amid freezing temperatures forecast this week and the prospect of limited supplies as the winter unfolds.  The Dutch Title Transfer Facility (TTF), a European gas benchmark, maintained a rare premium to the Japan-Korea Marker (JKM) in Asia. Both the January and February TTF…

Natural gas prices in Europe and Asia soared Monday as supply concerns deepened and the regions are seen competing for liquefied natural gas (LNG) cargoes beyond the winter. British and Dutch front-month futures gained nearly $3 each to finish above $38/MMBtu, hitting levels not seen in months. Asian spot prices, meanwhile, gained almost $2 to…

Tellurian Inc. is in no hurry to sell all of the 27 million metric tons/year (mmty) of liquefied natural gas (LNG) capacity from the proposed Driftwood export project in Louisiana even though there’s an opportunity to do so, according to CEO Octávio Simões. The company has agreed to supply 9 mmty of LNG from the…

European natural gas prices jumped Monday after Russia booked little additional pipeline capacity to move more supplies to the continent next month. Gazprom PJSC booked no additional capacity for November through Ukraine during an auction Monday. The company took only about 35% of the available capacity via Belarus and Poland next month. The auction’s results…

Intercontinental Exchange Inc. (ICE) is logging more record trading activity on its European natural gas futures contracts amid increasing volatility in the global market. An unprecedented 5.5 million Dutch Title Transfer Facility (TTF) futures and options were traded in September, 37% higher than the previous monthly record set in January, ICE said. The exchange also…

The International Energy Agency (IEA) said Tuesday market fundamentals rather than the energy transition are to blame for record natural gas prices in Europe, but it stressed that Russia could be doing more to help ease the crisis.  European natural gas prices increased by nearly 16% Monday, with the front-month UK benchmark finishing close to…