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European Natural Gas Prices Jump as Flows Reverse on Key Russian Pipeline — LNG Recap

European Natural Gas Prices Jump as Flows Reverse on Key Russian Pipeline — LNG Recap

European natural gas prices jumped on Monday after flows reversed on a key pipeline that moves Russian supplies to the continent.  Monday’s price action was the latest to demonstrate how mixed signals from Russia have the European market seesawing. The Dutch Title Transfer Facility and National Balancing Point benchmarks dropped sharply last week, falling from…

November 1, 2021
Russia Pressured by IEA to Ease Europe’s Natural Gas Crisis

Russia Pressured by IEA to Ease Europe’s Natural Gas Crisis

The International Energy Agency (IEA) said Tuesday market fundamentals rather than the energy transition are to blame for record natural gas prices in Europe, but it stressed that Russia could be doing more to help ease the crisis.  European natural gas prices increased by nearly 16% Monday, with the front-month UK benchmark finishing close to…

September 21, 2021
Hot Weather, Low Storage Inventories Continue Driving Global Demand for Natural Gas — LNG Recap

Hot Weather, Low Storage Inventories Continue Driving Global Demand for Natural Gas — LNG Recap

Global natural gas prices were mixed on Monday, picking up where they left off last week, but the outlook remains strong as bullish market fundamentals in Europe, Asia and South America remain largely unchanged. The front-month National Balancing Point and Title Transfer Facility contracts in Europe traded sideways last week, but they remained stable around…

June 7, 2021
Supply Issues, Strong Demand Push Natural Gas Prices Higher in Asia, Europe — LNG Recap

Supply Issues, Strong Demand Push Natural Gas Prices Higher in Asia, Europe — LNG Recap

European and Asian natural gas prices are recovering from last week’s losses as supply concerns and strong buying have spurred gains so far this week.  In Europe on Tuesday near-curve prices closed higher for both the Title Transfer Facility and National Balancing Point contracts through August.   Russian gas giant Gazprom PJSC reportedly did not take…

May 25, 2021
Asian, European Natural Gas Prices Hit Fresh Highs as Regions Compete for Supply — LNG Recap

Asian, European Natural Gas Prices Hit Fresh Highs as Regions Compete for Supply — LNG Recap

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…

May 11, 2021
TTF, JKM Move Higher as Asia, Europe Compete for Natural Gas — LNG Recap

TTF, JKM Move Higher as Asia, Europe Compete for Natural Gas — LNG Recap

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%…

May 3, 2021
Global Natural Gas Prices Inch Higher as Colder Weather Stokes Demand — LNG Recap

Global Natural Gas Prices Inch Higher as Colder Weather Stokes Demand — LNG Recap

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…

April 12, 2021
European Demand Driving U.S. LNG Exports — LNG Recap

European Demand Driving U.S. LNG Exports — LNG Recap

Feed gas deliveries to U.S. liquefied natural gas (LNG) export terminals have been near capacity, flowing at almost 12 Bcf each day over the last week. The European natural gas market is helping drive U.S. export demand. Prices on the continent closed higher last week. The Dutch Title Transfer Facility finished at $6.620/MMBtu and the…

April 5, 2021
European Natural Gas Prices Fall After Ship Freed from Suez Canal — LNG Recap

European Natural Gas Prices Fall After Ship Freed from Suez Canal — LNG Recap

A salvage team on Monday finally dislodged the massive container ship that’s been stuck in the Suez Canal for nearly a week, clearing a path for hundreds of vessels to begin transiting the crucial waterway. Aided by the tides, nearly a dozen tugboats refloated the 1,312-foot-long  Ever Given which slowly made its way through the…

March 29, 2021
ICE Reports First LNG Freight Futures Trades — LNG Recap

ICE Reports First LNG Freight Futures Trades — LNG Recap

Intercontinental Exchange Inc. said Tuesday its liquefied natural gas (LNG) freight futures contracts launched Monday and were traded by leading industry players on their first day.  The contracts are based on LNG freight spot price assessments by Spark Commodities. ICE said 15 lots of the Spark30S Atlantic and 15 lots of the Spark25S Pacific contracts…

March 23, 2021
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