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Vortexa’s New LNG Chief Sees Strong ‘Momentum’ in Global Natural Gas Market

Vortexa’s New LNG Chief Sees Strong ‘Momentum’ in Global Natural Gas Market

Vortexa Ltd.’s Felix Booth, head of liquefied natural gas (LNG), doesn’t expect the global market to loosen anytime soon as supplies remain scarce and demand rebounds from lows of the Covid-19 pandemic.  Based in Singapore, Booth recently joined energy analytics firm Vortexa, which is aiming to cast a wider net in the evolving LNG business.…

August 12, 2021
Global Natural Gas Prices Slip After Record-Setting Stretch — LNG Recap

Global Natural Gas Prices Slip After Record-Setting Stretch — LNG Recap

Natural gas prices across the world tumbled on Monday, correcting after a stretch of gains that saw some benchmarks again set records last week. In Europe, prices closed lower across the curve. The Title Transfer Facility hit a record last week, when the prompt contract finished at nearly $15/MMBtu. Pipeline imports were largely stable on…

August 9, 2021
LNG 101: Could New Ways to Sell American Natural Gas Give Rise to Second-Wave Export Projects?

LNG 101: Could New Ways to Sell American Natural Gas Give Rise to Second-Wave Export Projects?

U.S. liquefied natural gas (LNG) developers are going to greater lengths to attract customers, setting the stage for American supplies to increasingly be tied to foreign benchmarks and testing traditional commercial models with new agreements that could make project financing even harder to come by.  The question is, why?  Why would U.S. LNG buyers purchase…

August 5, 2021
Fundamentals Seen Supporting Record Global Natural Gas Prices — LNG Recap

Fundamentals Seen Supporting Record Global Natural Gas Prices — LNG Recap

Natural gas prices across the world remained strong Tuesday as demand centers competed for supplies. Prices in Europe weakened Tuesday, but fundamentals continue to support higher prices. Dutch futures climbed throughout last week and hit a record on Monday to settle near $15/MMBtu. The UK benchmark National Balancing Point contract also touched a 16-year high…

August 3, 2021
Heat, Supply Disruptions Send Global Natural Gas Prices Higher — LNG Recap

Heat, Supply Disruptions Send Global Natural Gas Prices Higher — LNG Recap

Global natural gas prices climbed higher Monday amid supply disruptions and sweltering heat.  Gains for the Henry Hub contract led the way, as the U.S. benchmark traded near a three-year high Monday with the hottest weather of the summer in the United States on the way Tuesday.  Henry Hub picked up where it left off…

July 26, 2021
Global Natural Gas Prices Climb Again as Supplies Remain Tight — LNG Recap

Global Natural Gas Prices Climb Again as Supplies Remain Tight — LNG Recap

Global natural gas prices were climbing again on Monday, picking up from gains last Friday as hotter weather and supply issues have the market heading higher as the week gets underway. Prices rebounded in Europe late last week after the European Commission unveiled a climate package aimed at cutting emissions and boosting renewables that had…

July 19, 2021

Natural Gas Storage Deficits Continue Across World — The Offtake

A roundup of news and commentary from NGI’s LNG Insight The U.S. storage deficit is 6.7% below the five-year average after a 55 Bcf injection for the week ended July 9. Even Canadian storage inventories are below the five-year average because of heat waves in the West. Both Asian and European inventories are also low,…

July 16, 2021
Natural Gas Prices Swing as Traders Track Variables Across Globe — LNG Recap

Natural Gas Prices Swing as Traders Track Variables Across Globe — LNG Recap

Global natural gas prices have turned volatile after a stretch of gains as traders watch variables in key markets from the United States to Asia.  In the United States, the Henry Hub prompt contract finally retreated early last week after a nine-day winning streak. However, it spiked again by nearly 10 cents last Thursday (July…

July 13, 2021
Exports Playing Big Role in Henry Hub Strength — LNG Recap

Exports Playing Big Role in Henry Hub Strength — LNG Recap

U.S. natural gas prices finally retreated Tuesday after the longest stretch of gains in two decades, but warmer forecasts and a tight global market are seen keeping the outlook bullish. Unrelenting heat from the East to West Coasts, coupled with increasingly strong international demand for liquefied natural gas (LNG), helped the Henry Hub front month…

July 6, 2021

European Natural Gas Continues Charge Upward, Hits Record — The Offtake

A roundup of news and commentary from NGI’s LNG Insight A global commodity rally continued Thursday. Dutch gas futures soared to an all-time record by jumping above $12/MMBtu, while spot LNG prices in North Asia were assessed near $14. In the United States, the Henry Hub prompt contract increased by 1 cent to close at…

July 1, 2021