JKM

Intercontinental Exchange Inc. (ICE) said its Title Transfer Facility (TTF) futures contract, a leading European natural gas benchmark that’s become increasingly tied to global trade of the fuel, reached an all-time open interest record of 1.93 million contracts earlier this month.  Open interest for TTF, or the number of outstanding derivative contracts that serves as…

Asian and European natural gas prices on Tuesday soared to multi-month highs, continuing a run of strength as demand remained unseasonably high. Tuesday’s gains came after the prompt Title Transfer Facility benchmark finished Monday at $8.973/MMBtu and the prompt National Balancing Point broke through the $9.00 barrier to hit $9.05 after a stretch of continued…

European and Asian natural gas prices continued moving higher last week and again finished strong on Monday as the regions competed for supplies.  Lingering cold in Europe, along with a drop in pipeline imports and a rise in the Japan-Korea Marker (JKM) contract, are supporting prices on the continent, where storage inventories remain about 25%…

A rally in Asian and European natural gas prices lost steam last week, but fundamentals remain unchanged as the coming months are still expected to be tight.  European futures closed higher on Tuesday, recovering some of last week’s losses as the near-term curve was lifted by lingering cold, weak Russian pipeline imports and ongoing strength…

It’s shaping up to be a drastically different summer for U.S. liquefied natural gas (LNG) exporters as the global market has unexpectedly tightened and demand has spiked in a reversal of fortunes from last year when trade slumped to historic lows.  “Things changed a lot,” said Rystad Energy’s Carlos Torres Diaz, head of gas and…

Natural gas prices in Europe and Asia are moving higher as the market has continued to tighten in a trend that’s setting the stage for a  bullish summer for liquefied natural gas (LNG) exports.  Both the prompt Title Transfer Facility (TTF) and National Balancing Point contracts jumped above $7/MMBtu last week, while Japan-Korea Marker (JKM)…

Natural gas futures resumed their climb on Monday, buoyed by near-record export demand and the arrival of chilly weather. With the latest forecast extending and intensifying the cooler temperatures, the May Nymex contract settled 6.9 cents higher at $2.749. June climbed 6.4 cents to $2.818. Spot gas prices also moved higher in most areas outside…

Intercontinental Exchange Inc. (ICE) again saw record activity in March across its European Title Transfer Facility (TTF) benchmark as the global liquefied natural gas (LNG) market is seen tightening. Open interest on TTF hit an unprecedented 18,184 lots on March 30, nearly 8% higher than the record previously reported in February, ICE said in a…

Resilient demand in Asia and colder weather in Europe supported global natural gas prices at the start of the week, further strengthening the outlook for U.S. liquefied natural gas (LNG) exports.  Both near-curve Title Transfer Facility and National Balancing Point contracts in Europe closed higher Monday. Temperatures across the continent are expected to trend cooler…