JKM

European natural gas prices were muted Monday despite the threat of additional sanctions on Russian energy exports to the continent and the possibility of further supply disruptions if buyers there don’t pay in rubles as the country has demanded. Alleged atrocities by the Russian military near Kyiv prompted a new round of calls for more…

Chaos reigned in the global commodity markets Monday as Russia’s attack on Ukraine intensified, sending European natural gas futures to record highs and Brent crude to levels not seen in 14 years.  Russian President Vladimir Putin said Saturday that the West’s sanctions – which for now have exempted energy exports – were “akin to a…

Warmer weather in Europe and Asia weakened competition for liquefied natural gas (LNG) cargoes and pushed prices lower as the week got underway. The Title Transfer Facility (TTF) climbed higher for most of last week, reversing declines that came with the end of December. The contract lost steam and closed lower Friday. The Japan-Korea Marker…

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…