Asia spot prices have fallen this week, with the December ‘22 ICIS East Asia Index (EAX) down more than 20% on 20 October from one week ago.
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European Natural Gas Prices Mixed Amid Flood of Supplies, Market Intervention – LNG Recap
LNG continues to flood Europe, pushing the Title Transfer Facility (TTF) to a three-month low in intraday trading on Monday when the prompt month contract again finished lower. Fundamentals on the continent are comfortable for the moment, with storage inventories nearly 91% full and above the five-year average. Warmer weather is also expected to continue…
Asian LNG Price Dips on Japan’s High Stocks, TTF Rises
The price spread between the ICIS East Asia Index (EAX) and Dutch TTF widened over the week, with East Asian spot prices dipping on high utility inventory levels in Japan and the latest tender cargo awards from south and southeast Asia.
South Korea Aiming to Boost Nuclear Output Amid Tight Global Energy Markets
Despite South Korea’s plan to boost the use of nuclear energy in the country’s power generation mix by 2030, LNG will continue to play an important role in the government’s new energy strategy. President Yoon Suk-yeol was elected in March and is a strong supporter of nuclear energy. He plans to reduce the country’s dependence…
Record LNG Imports Weighing on European Natural Gas Prices – LNG Recap
European natural gas prices again tumbled Monday as storage inventories climbed and governments continued to discuss measures aimed at better controlling soaring energy costs. The October Title Transfer Facility (TTF) contract fell by roughly 3% from Friday’s close to finish Monday below $54/MMBtu. TTF is down by more than 40% from August highs of $100. …
East Asia, TTF Prices Fall After Rally, With Some LNG Buying Deferred
The extended closure of the Nord Stream 1 pipeline from Russia to Germany caused a major rise in TTF prices on Monday and a similar reaction for East Asian spot LNG prices.
TTF Hits Record Highs Before Crashing on EU Intervention Plan, High Storage
The ICIS TTF price scaled new heights last week before plummeting this week, setting the tone for erratic Asian spot price movements.
Germany on Track to Hit Natural Gas Storage Target, but Supply Situation Still ‘Tense’ – LNG Recap
European natural gas prices tumbled by nearly 20% on Monday following a relentless rally last week that saw the Dutch Title Transfer Facility (TTF) shatter records and break through the $100/MMBtu barrier. The September contract finished closer to $80 on Monday as storage stocks across the continent continued to climb and traders took profit ahead…
Global Natural Gas Benchmarks Surge in Chaotic Day of Trading – LNG Recap
Natural gas prices surged worldwide on Monday as the threat of further Russian supply cuts again loomed over a tight market, particularly in Europe where the Dutch Title Transfer Facility (TTF) contract shattered previous records. The prompt TTF settled at $81.52/MMBtu Monday, nearly 15% higher than Friday’s close and well above the $72.765 record set…
All Eyes on NS1 Natural Gas Flows to Europe as Annual Maintenance Begins – LNG Recap
European natural gas prices nosedived on Monday after Canada said it would circumvent sanctions against Russia and ship a key piece of equipment that could help get more supplies flowing to the continent. The Title Transfer Facility (TTF) prompt contract began retreating from four-month highs Friday on reports that Canada would send a repaired turbine…