Russia-Ukraine conflict

Micro Henry Hub Natural Gas Futures Trading Takes Off Amid Global Supply, Price Volatility

Micro Henry Hub Natural Gas Futures Trading Takes Off Amid Global Supply, Price Volatility

CME Group, the derivatives marketplace that operates New York Mercantile Exchange (Nymex) Henry Hub natural gas futures, said its new micro trading platform for gas got off to a strong start this month. Micro Henry Hub futures launched Nov. 6 and, in the initial days, surpassed 50,000 contracts. These are one-tenth the size of the…

November 21, 2023
Gazprom’s Natural Gas Export Woes Bode Well for Growing American LNG Complex

Gazprom’s Natural Gas Export Woes Bode Well for Growing American LNG Complex

Citing fallout from the war in Ukraine, Russian natural gas behemoth Gazprom PJSC said its net income for the first half of 2023 plummeted.  The steep drop came after Russia cut off most exports to Europe last year after it invaded Ukraine. The continent has also reduced its reliance on Russian natural gas, turning instead…

August 30, 2023
UK Natural Gas Supply Secure Through 2050 with Mix of LNG, Renewables, National Grid Says

UK Natural Gas Supply Secure Through 2050 with Mix of LNG, Renewables, National Grid Says

The UK should have stable natural gas supplies through 2050, but could see more frequent price spikes as its reliance on LNG grows its exposure to global demand, according to the country’s energy systems operator. In National Grid plc’s latest future energy scenario report, the firm reported the UK’s ability to secure “diverse sources of…

July 25, 2023
EU, Japan Agree to Natural Gas Cooperation Amid Deep Structural Market Changes

EU, Japan Agree to Natural Gas Cooperation Amid Deep Structural Market Changes

The European Union (EU) and Japan, two of the world’s largest importers of natural gas, agreed this week to strengthen energy cooperation by establishing an EU-Japan energy security dialogue focused on global LNG flows. The partnership will work to improve global security of supply, transparency of markets and reduction of methane emissions in the liquefied…

July 19, 2023
EU’s Plan to Reduce Reliance on Russian Energy is Missing LNG Sanctions, Bruegel Says

EU’s Plan to Reduce Reliance on Russian Energy is Missing LNG Sanctions, Bruegel Says

While the European Union has been working more than a year to replace Russian pipeline gas and decrease the country’s influence on the European economy, imports of Russian LNG have been ticking upward. The EU may need further sanctions on LNG if it’s serious about kicking Russian fossil fuels, according to a European think tank.…

July 5, 2023
European Natural Gas Consumption Continues to Plummet 

European Natural Gas Consumption Continues to Plummet 

The European Union’s (EU) independent energy regulator reported the bloc’s natural gas consumption has continued to drop even as trade liquidity and imports from the United States are still on the rise. The EU’s gas consumption has dropped 20.3% year-to-date, according to the latest market report from the European Union Agency for the Cooperation of…

June 30, 2023
Summer Weather, U.S. Rig Count Keys to Longer Term Forecast for Natural Gas Prices, Says Marex Analyst

Summer Weather, U.S. Rig Count Keys to Longer Term Forecast for Natural Gas Prices, Says Marex Analyst

As goes the weather, so goes demand for U.S. natural gas supply this summer and beyond, with global turmoil a continuing wildcard, according to a veteran industry executive. Lower gas production has been attributed in part to planned maintenance, but the U.S. gas rig count also bears watching, Marex North America LLC’s Steve Blair, senior…

June 28, 2023
FLNG Gaining Traction in Sub-Saharan Africa as Onshore Natural Gas Plans Languish

FLNG Gaining Traction in Sub-Saharan Africa as Onshore Natural Gas Plans Languish

Depending on politics and investments, Sub-Saharan Africa (SSA) natural gas producers have a chance to become globally competitive LNG exporters within the next decade. As Europe seeks to replace gas supplies previously supplied by Russia, the continent has turned to SSA for additional volumes. Many liquefied natural gas projects in the region, though, are unlikely…

May 18, 2023
Natural Gas Market Not Ruling Out U.S. Cargo Cancellations This Summer as LNG Floods Europe

Natural Gas Market Not Ruling Out U.S. Cargo Cancellations This Summer as LNG Floods Europe

European natural gas storage inventories are so full heading into injection season and Asian demand remains weak enough that there is a remote possibility of U.S. LNG cargo cancellations later this summer. Even a limited number of cargo cancellations would mark an extraordinary turnaround from a tight market that’s been shaped by supply fears since…

April 12, 2023
U.S. Oil Production Flattens as Saudi Arabia, Russia Cut Output

U.S. Oil Production Flattens as Saudi Arabia, Russia Cut Output

U.S. exploration and production (E&P) firms kept crude output even last week amid an uncertain demand outlook and expectations for steep cuts to global supplies. E&Ps produced 12.2 million b/d for the week ended March 31, according to the U.S. Energy Information Administration’s (EIA) Weekly Petroleum Status Report (WPSR) on Wednesday. The result was flat…

April 5, 2023
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