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…
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Articles from NBP
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…
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…
Global Gas Prices Slip, but European Natural Gas Inventories Continue Falling — LNG Recap
Global natural gas prices retreated Tuesday, pushed lower by varying factors including warmer weather in Asia and a stronger supply outlook in Europe. Japan Korea Marker spot prices for late April delivery were assessed at nearly $7.00/MMBtu Tuesday, up from less than $6.00 about a week ago when prices started climbing on stronger buying activity.…
Global Natural Gas Prices Give Up Gains on Warmer Weather — LNG Recap
Global natural gas prices weakened on Monday amid bearish weather forecasts. Both the prompt Dutch Title Transfer Facility and the UK’s National Balancing Point gave up last week’s gains, when the European benchmarks were pushed up by cooler temperatures, rising carbon prices, improving crude oil and stronger sentiment in the Asian gas market. Above-normal temperatures…
European Natural Gas Climbs Higher as Asian Prices Continue Slide — LNG Recap
European natural gas prices again moved higher on Monday as forecasts grew colder and higher carbon prices supported the commodity. Both the Dutch Title Transfer Facility and the UK’s National Balancing Point climbed higher last week. Very cold temperatures are forecast for the northern half of Europe over the next week, while the 11- to…
European LNG Imports Ticking Upward as Asia Demand Normalizes — LNG Recap
Global natural gas prices are falling as the week gets underway on warmer near-term weather in parts of the world and a rebound in supplies after the market was squeezed last month amid a historic cold snap across much of the northern hemisphere. While prices in many European markets bounced back to finish last week…
Global Natural Gas Prices Normalize, but Demand Remains Strong — LNG Recap
Global natural gas prices continued to normalize last week as forecasts warmed and more supplies became available. The Japan Korea Marker spot price fell below $9.00 to finish at $8.90/MMBtu after it shot above $30 to reach an all-time high earlier this month. Meanwhile, prompt European natural gas prices were steady, moving sideways throughout most…
U.S. Exports Poised for Longer-Term Gains as NatGas Rally Continues — LNG Recap
Winter natural gas prices across the globe have yet to peak as a rally continued Monday in Europe and Asia on colder weather that’s set to boost both heating demand and U.S. exports. The February Japan Korea Marker (JKM) contract ended 2020 on Thursday at $14.300/MMBtu, while the National Balancing Point (NBP) in the UK…
Supply Crunch, Brexit Deal Push Global Gas Prices Higher — LNG Recap
Global natural gas prices remain strong coming off a week shortened by Christmas and heading into another with limited trading activity as the New Year holiday nears. The Dutch Title Transfer Facility (TTF) contract for February delivery finished the short week on Thursday at $6.321/MMBtu, while the UK’s National Balancing Point finished at $7.015 and…