While political opposition and market uncertainty continue to mount around the U.S. Department of Energy’s (DOE) pause of LNG export authorizations, Secretary of Energy Jennifer Granholm reassured energy leaders the action was a necessary, but temporary step to better policy making. During a keynote address Monday in Houston during CERAWeek by S&P Global, Granholm rolled…
Trafigura
Articles from Trafigura
Canada’s Tourmaline Touts JKM, TTF Exposure in Supply Deals with Trafigura
Canada’s largest natural gas producer, Tourmaline Oil Corp., said it has increased its exposure to global LNG pricing through two agreements to supply gas to units of commodity trading giant Trafigura Group Pte. Ltd. The first deal is a netback agreement linked to the Japan-Korea Marker (JKM). The deal is based on 62,500 MMBtu/d, or…
Italy Backs Another Loan to Secure More Natural Gas Supplies
Global commodities trader Gunvor Group Ltd. has secured a 400 million euro loan ($437 million) backed by the Italian government to buy more natural gas and LNG for industrial consumers in the country. The five-year term loan guaranteed by Italy’s export credit agency, Sace SpA, is aimed at supporting Italian industry with energy supplies to…
Hammerfest LNG Pushes Restart By a Week – The Offtake
The estimated restart of Equinor ASA’s Hammerfest LNG plant has moved again, this time to next Wednesday (June 14), according to Norway’s gas network operator Gassco AS.
Trafigura Reports Record $7B Profit Despite Decline in Oil, LNG Trading
Commodity trader Trafigura Group Pte. Ltd. said Thursday the outage at the Freeport LNG terminal in Texas has removed much needed supply and “significant flexibility” from its portfolio, but said the scale of its operations have offset issues and helped it turn in record profits for 2022. Trafigura, a dominant trader in the global liquefied…
Trafigura Lands $3B Loan to Supply Germany with Natural Gas, LNG
Global commodities trader Trafigura Group Pte. Ltd. has secured a $3 billion loan backed by the German government to help secure more natural gas for the country. Trafigura would supply the gas to Germany’s Securing Energy for Europe (Sefe), a former Gazprom PJSC unit that the country nationalized and recapitalized earlier this year. The first…
Another Record Day for JKM Prices; European Benchmarks Liftoff — The Offtake
A roundup of news and commentary from NGI’s LNG Insight The Japan Korea Marker spot price jumped 15% day/day to shatter Monday’s record at $32.494/MMBtu amid a supply shortage and severe winter weather. Trafigura Group Pte. Ltd. also reportedly purchased a cargo for delivery in the region at $39.30. The rally continued in Europe as…
Asia Natural Gas Benchmark Sets Record — The Offtake
A roundup of news and commentary from NGI’s LNG Insight Trafigura Group Pte. Ltd. purchased an LNG cargo from Gunvor Group Ltd. for $20.80/MMBtu for early February delivery to Incheon, South Korea, which set a record for Japan Korea Marker (JKM) prices, according to Bloomberg. Sky-high JKM prices are pulling cargoes away from Europe, where…
NGI The Weekly Gas Market Report
Shipping Firms Report First LNG Freight Futures Trades
It took only hours after contracts were launched late last month on the New York Mercantile Exchange (Nymex) for the first liquefied natural gas (LNG) freight futures trades to be executed, a sign of the demand for more risk management in the gas export market.
NGI The Weekly Gas Market Report
Global LNG Traders Report Sharp Increase in 2019 LNG Volumes
Two of the world’s largest commodity traders said delivered volumes of liquefied natural gas (LNG) increased markedly in 2019 as the global market for the super-chilled fuel grew rapidly and buyers became more flexible.