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Analysts Warn Rising European Natural Gas Prices ‘Mask’ Overall Soft Demand – LNG Recap

Analysts Warn Rising European Natural Gas Prices ‘Mask’ Overall Soft Demand – LNG Recap

Global natural gas prices are starting to tick upward once again as maintenance events and warmer weather appear to signal more demand for LNG, but analysts are warning a bearish summer could still lie ahead. After sliding for several weeks to the lowest points since 2021, prompt Asian and European prices began to rally again…

June 14, 2023
TTF Soars as Maintenance, Unplanned Outages Tighten Global Natural Gas Supplies – LNG Recap

TTF Soars as Maintenance, Unplanned Outages Tighten Global Natural Gas Supplies – LNG Recap

European natural gas prices surged on Monday, lifted by a jump in other commodities and ongoing competition for LNG amid a tightening pool of supplies.  The prompt Title Transfer Facility (TTF) contract surged by more than 20% to finish at nearly $9/MMBtu. Monday’s sharp spike came after nine straight weeks of losses, when TTF fell…

June 5, 2023
Oversupplied Market Keeps Lid on Asian, European Natural Gas Prices – LNG Recap

Oversupplied Market Keeps Lid on Asian, European Natural Gas Prices – LNG Recap

Natural gas prices in Europe and Asia fell again on Monday, continuing six consecutive weeks of losses as both markets are well supplied and demand remains muted.  The Title Transfer Facility (TTF) prompt contract gave up another 1% Monday to finish again near $10/MMBtu after declining by 12% last week. Winter prices further out the…

May 15, 2023
Despite Spring Lull, Competition for LNG Could Heat Up Between Asia, Europe as Year Unfolds

Despite Spring Lull, Competition for LNG Could Heat Up Between Asia, Europe as Year Unfolds

Competition to secure LNG cargoes for next winter could intensify as the year progresses, but to what extent Europe and Asia face off depends heavily on a variety of factors, including plant outages, supply, demand, and of course, the weather.  The global liquified natural gas market has mixed forecasts on what direction top Asian LNG…

April 26, 2023
Steady Stream of LNG in Europe, Muted Demand in Asia Keeping Lid on Prices – LNG Recap

Steady Stream of LNG in Europe, Muted Demand in Asia Keeping Lid on Prices – LNG Recap

Sendout at French LNG terminals has returned to normal levels as labor strikes that started early last month have for now ended, boosting European import capacity and helping to keep the lid on natural gas prices there.  Eleven cargoes have unloaded at France’s four import terminals over the last week, according to Kpler vessel-tracking data.…

April 25, 2023
OPEC-Plus Oil Cuts Keep Pressure on European Natural Gas Prices – LNG Recap

OPEC-Plus Oil Cuts Keep Pressure on European Natural Gas Prices – LNG Recap

The surprise decision over the weekend by OPEC-plus countries to further cut crude production helped keep a rally in European natural gas prices alive as concerns over fuel supplies again bubbled up as the week got underway. The slump in natural gas prices amid a mild winter has made the fuel more competitive with oil…

April 3, 2023
Strikes in France Push European Natural Gas Prices Higher, but Demand Seen Weakening – LNG Recap

Strikes in France Push European Natural Gas Prices Higher, but Demand Seen Weakening – LNG Recap

Colder weather and the possibility of continued labor strikes at French import terminals helped lift European natural gas prices on Monday. The May Title Transfer Facility (TTF) gained about 5% last week after forecasts shifted colder for the remainder of the month and into early April. The contract gained another 3% Monday to finish just…

March 27, 2023
Global Natural Gas Prices Keep Falling as Demand Weakens, Banking Crisis Weighs on Markets – LNG Recap

Global Natural Gas Prices Keep Falling as Demand Weakens, Banking Crisis Weighs on Markets – LNG Recap

Global natural gas prices continued falling Monday, picking up where they left off last week amid warmer weather, ample supplies and turmoil in the banking sector that has weighed on commodities.  In Europe, the May Title Transfer Facility (TTF) contract fell 13% last week. It gave up another 8% on Monday and closed at its…

March 20, 2023
TTF Rally Ends Swiftly as Weather Shifts, but Upside Risk Remains – LNG Recap

TTF Rally Ends Swiftly as Weather Shifts, but Upside Risk Remains – LNG Recap

European natural gas prices corrected on Monday after big gains at the end of last week as warmer weather is forecast and wind power output increases. The prompt Title Transfer Facility (TTF) contract fell by 6% Monday, dipping below $16/MMBtu. The benchmark jumped 22% on Friday amid labor strikes in France that have brought LNG…

March 13, 2023
Tellurian Could Lose Gunvor SPA as Focus Shifts to Finding Equity Partners for Driftwood LNG

Tellurian Could Lose Gunvor SPA as Focus Shifts to Finding Equity Partners for Driftwood LNG

Gunvor Group Ltd. has the option to terminate its deal to buy supplies from the proposed Driftwood LNG terminal after a deadline passed Tuesday for Tellurian Inc. to meet certain conditions. The sales and purchase agreement (SPA) was amended to give Gunvor the option of walking away if Tellurian failed to meet conditions, including sanctioning…

March 1, 2023
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