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EU Leaders Unveil ‘Safety Ceiling’ to Protect Against Volatile Natural Gas Price Swings

EU Leaders Unveil ‘Safety Ceiling’ to Protect Against Volatile Natural Gas Price Swings

The European Commission (EC) has proposed a bloc-wide ceiling on natural gas prices linked to Europe’s benchmark in an effort to stanch massive financial volatility, potentially sending ripple effects across global gas markets. In a proposal outlined by the European Union’s (EU) executive branch Tuesday, the Commission could institute a “safety price” mechanism by the…

November 22, 2022
Storage Inventories, LNG Supply Keep Lid on European Prices Despite Cold Snap – LNG Recap

Storage Inventories, LNG Supply Keep Lid on European Prices Despite Cold Snap – LNG Recap

Cold weather has finally arrived in Europe, necessitating some of the season’s first natural gas storage withdrawals and lifting prompt prices.  The Title Transfer Facility (TTF) finished last week higher on colder forecasts and the gains held Monday, when the December contract finished 30 cents higher at $34.87/MMBtu. Other winter contracts fell with storage inventories…

November 21, 2022
Storage, LNG Calm European Natural Gas Prices as Countries Look for Further Demand Cuts

Storage, LNG Calm European Natural Gas Prices as Countries Look for Further Demand Cuts

Even as a mild start to European winter and a glut of LNG cargoes calm natural gas prices on the continent, governments are urging greater gas conservation as the risks of spiking demand pile up. European Union natural gas storage is currently above 95%, ahead of the bloc’s 80% target for winter, as the region…

November 17, 2022
TTF’s Premium Over Asian Spot LNG Price Narrows Sharply

TTF’s Premium Over Asian Spot LNG Price Narrows Sharply

HOUSTON (ICIS) – The TTF front-month contract has fallen by 31% since the start of October.

November 4, 2022
European, Asian Natural Gas Prices Steady on Firm Supplies – LNG Recap

European, Asian Natural Gas Prices Steady on Firm Supplies – LNG Recap

Natural gas prices in Europe and Asia have leveled off amid warmer weather and strong storage stocks in both regions.  In Europe, where inventories are at 94% of capacity, temperatures are expected to remain mild next week, according to Maxar’s Weather Desk.  Above normal temperatures are expected in big gas consuming regions like France, Germany…

October 31, 2022
East Asia Spot LNG Price Surpasses TTF for Winter

East Asia Spot LNG Price Surpasses TTF for Winter

Asian spot LNG prices surpassed the ICIS TTF benchmark this week for the first time since late June on rising demand in Asia and high stock levels in Europe.

October 28, 2022
ICE Plans European LNG Contracts to Bridge Natural Gas Price Divide

ICE Plans European LNG Contracts to Bridge Natural Gas Price Divide

Intercontinental Exchange Inc. (ICE) plans to offer two LNG futures contracts to Europe aimed at bridging the growing price divide between exports landing on the continent and natural gas transported through pipelines ICE could begin offering futures contracts for liquefied natural gas to Northwest and Southwest Europe on Dec. 5, pending regulatory approval, according to…

October 27, 2022
November Natural Gas Futures Prices Flat Despite Intraday Swings; Cash Slightly Higher on Cold Snap

November Natural Gas Futures Prices Flat Despite Intraday Swings; Cash Slightly Higher on Cold Snap

Natural gas futures took a breather Wednesday following a two-day rally at the front of the curve that lifted the prompt-month contract amid technically oversold conditions. Despite some intraday volatility, the November Nymex contract closed out Wednesday’s session at $5.606, off only seven-tenths of a penny from Tuesday’s close. December natural gas futures slipped 4.7…

October 26, 2022
EU Leaders Place Price Caps on Natural Gas, Design New LNG Benchmark

EU Leaders Place Price Caps on Natural Gas, Design New LNG Benchmark

European natural gas prices continued to dip after the 27 European Union (EU) leaders agreed to a “roadmap” of emergency measures, including capping prices on gas sales, to help meet Europe’s energy crisis. Following many hours of negotiations, agreement was reached on several measures, including a proposal for a temporary price limit on gas transactions…

October 24, 2022
East Asia spot LNG prices drop, TTF-EAX spread widens

East Asia spot LNG prices drop, TTF-EAX spread widens

Asia spot prices have fallen this week, with the December ‘22 ICIS East Asia Index (EAX) down more than 20% on 20 October from one week ago.

October 21, 2022
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