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Strikes in France Push European Natural Gas Prices Higher, but Demand Seen Weakening – LNG Recap

Strikes in France Push European Natural Gas Prices Higher, but Demand Seen Weakening – LNG Recap

Colder weather and the possibility of continued labor strikes at French import terminals helped lift European natural gas prices on Monday. The May Title Transfer Facility (TTF) gained about 5% last week after forecasts shifted colder for the remainder of the month and into early April. The contract gained another 3% Monday to finish just…

March 27, 2023
Global Natural Gas Prices Keep Falling as Demand Weakens, Banking Crisis Weighs on Markets – LNG Recap

Global Natural Gas Prices Keep Falling as Demand Weakens, Banking Crisis Weighs on Markets – LNG Recap

Global natural gas prices continued falling Monday, picking up where they left off last week amid warmer weather, ample supplies and turmoil in the banking sector that has weighed on commodities.  In Europe, the May Title Transfer Facility (TTF) contract fell 13% last week. It gave up another 8% on Monday and closed at its…

March 20, 2023
TTF Rally Ends Swiftly as Weather Shifts, but Upside Risk Remains – LNG Recap

TTF Rally Ends Swiftly as Weather Shifts, but Upside Risk Remains – LNG Recap

European natural gas prices corrected on Monday after big gains at the end of last week as warmer weather is forecast and wind power output increases. The prompt Title Transfer Facility (TTF) contract fell by 6% Monday, dipping below $16/MMBtu. The benchmark jumped 22% on Friday amid labor strikes in France that have brought LNG…

March 13, 2023
European Natural Gas Prices Sputter as Spring Nears, but Upside Risks Remain – LNG Recap

European Natural Gas Prices Sputter as Spring Nears, but Upside Risks Remain – LNG Recap

European natural gas prices sank Monday, giving up last week’s gains as the March Title Transfer Facility (TTF) contract rolled off the board with the continent amply supplied as spring nears.  The March and April contracts finished below $15/MMBtu as the week got underway. European gas storage inventories are at about 62% of capacity, compared…

February 27, 2023
Global Gas Trade Needs a Better LNG Index, but Finding the Keys to Unlock It Will Take More Time – Column

Global Gas Trade Needs a Better LNG Index, but Finding the Keys to Unlock It Will Take More Time – Column

How close is the world to adopting a global spot LNG index? That’s a question this series has aimed to answer by exploring the prospects of establishing one based on crude oil, Title Transfer Facility (TTF) and Henry Hub prices.

February 22, 2023
Flex LNG Expects ‘Massive’ Henry Hub Arbitrage to Keep Fueling U.S. LNG Expansions

Flex LNG Expects ‘Massive’ Henry Hub Arbitrage to Keep Fueling U.S. LNG Expansions

Despite sliding global LNG prices over the past several months, Flex LNG Ltd. management said heightened European and Asian prices compared to Henry Hub are expected to continue driving U.S. infrastructure investment through the middle of the decade. During an earnings call Tuesday, CEO Oystein Kalleklev said falling liquefied natural gas prices during the fourth…

February 15, 2023
TTF, European LNG Price Gulf Narrows, but Risks Abound in Tight Global Market

TTF, European LNG Price Gulf Narrows, but Risks Abound in Tight Global Market

The wide spread between European pipeline gas futures and LNG delivered to the continent has narrowed to an average range as global gas prices continue to slide, but analysts warn the risk of volatility still looms large. European regulators and natural gas buyers have been cautiously eyeing the differential between Northwest European liquefied natural gas…

February 10, 2023
Can the Search for a Global LNG Benchmark End With a European or U.S. Natural Gas Contract? – Column

Can the Search for a Global LNG Benchmark End With a European or U.S. Natural Gas Contract? – Column

While the early LNG market mostly developed in Asia and the Middle East, the super-chilled fuel was first commercialized in the United States and Europe.

February 8, 2023
Global Natural Gas Prices Continue Trading Sideways – LNG Recap

Global Natural Gas Prices Continue Trading Sideways – LNG Recap

Global natural gas prices were muted on Monday as Europe’s Title Transfer Facility (TTF) continued trading sideways, the Japan-Korea Marker (JKM) followed and prices in the United States remained at some of the lowest levels in years. Fundamentals are largely unchanged. TTF traded in a stable range at just under $20/MMBtu last week, but increased…

February 6, 2023
EU Rolls Out LNG Reference Price Before TTF Cap Takes Effect

EU Rolls Out LNG Reference Price Before TTF Cap Takes Effect

The European Union (EU) has published the first LNG reference price for use in a market control mechanism to cap natural gas prices under regulations that take effect later this month.  The reference price is an average of several liquefied natural gas indexes and benchmark prices that will be used to trigger the cap if…

February 3, 2023
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