Tag / TTF

Subscribe

TTF

European Natural Gas Prices Surge to Highest Levels Since March – The Offtake

European natural gas prices continued their charge higher Tuesday, hitting levels not seen since March. The prompt Title Transfer Facility contract surged by 13% to settle above $59/MMBtu.

July 26, 2022
European Commission Contemplates Natural Gas, Pipeline Partnership with Azerbaijan

European Commission Contemplates Natural Gas, Pipeline Partnership with Azerbaijan

The European Union (EU) could be securing another source of future natural gas supply, this time from Azerbaijan, as member countries continue to prepare for a future without Russian gas. According to a draft European Commission (EC) memo, the EU and Azerbaijan could “aspire to support bilateral trade of natural gas” to the continent and…

July 15, 2022
All Eyes on NS1 Natural Gas Flows to Europe as Annual Maintenance Begins – LNG Recap

All Eyes on NS1 Natural Gas Flows to Europe as Annual Maintenance Begins – LNG Recap

European natural gas prices nosedived on Monday after Canada said it would circumvent sanctions against Russia and ship a key piece of equipment that could help get more supplies flowing to the continent.  The Title Transfer Facility (TTF) prompt contract began retreating from four-month highs Friday on reports that Canada would send a repaired turbine…

July 11, 2022
Oil and Gas Strike in Norway Ends, But TTF Rally Continues

Oil and Gas Strike in Norway Ends, But TTF Rally Continues

Another crisis for Europe’s gas market was avoided late Monday after the Norwegian government intervened to stop a strike that could have significantly cut production from some of the country’s most critical gas fields. Norway’s Labor Ministry announced late Tuesday that the government took emergency action to intervene in the flagging negotiations between the Lederne…

July 6, 2022
European Natural Gas Prices Surge to Four-Month High on Supply Squeeze – LNG Recap

European Natural Gas Prices Surge to Four-Month High on Supply Squeeze – LNG Recap

European natural gas prices hit their highest point in months on Tuesday, extending a series of gains as the continent continues to face the threat of supply shortages on a number of fronts. A prolonged shutdown of the Freeport liquefied natural gas (LNG) export terminal in the United States, reduced flows from Russia on the…

July 5, 2022
European Benchmarks Hit Fresh Highs on ICE Amid Push to Secure More Natural Gas

European Benchmarks Hit Fresh Highs on ICE Amid Push to Secure More Natural Gas

German and Italian natural gas futures listed on the Intercontinental Exchange (ICE) hit fresh highs in May amid a scramble in Europe to secure supplies in the months since Russia invaded Ukraine.  European benchmark Title Transfer Facility futures saw 2.8 million lots traded last month, up 5% from April. ICE added that German Trading Hub…

June 29, 2022
EU Countries Face Market Realities of Restocking Natural Gas After 80% Storage Rule

EU Countries Face Market Realities of Restocking Natural Gas After 80% Storage Rule

With an official natural gas storage plan by the European Union (EU) in hand, member countries are bearing down on filling reserves while the market keeps a wary eye on volumes from Russia and U.S. liquefied natural gas (LNG) producers. The European Commission (EC) solidified on Monday a plan that directs storage facilities in member…

June 28, 2022
EU Approves 80% Natural Gas Storage Plan as Markets Kick Off Another ‘Volatile’ Week

EU Approves 80% Natural Gas Storage Plan as Markets Kick Off Another ‘Volatile’ Week

After slightly cooling on an apparent price correction, European energy markets started the week with another leap upward as the European Union (EU) formalized its winter natural gas storage plan. The EU countries officially ratified a plan Monday to reach 80% of natural gas storage capacity available among the 27-country bloc by the winter heating…

June 27, 2022
Supply Constraints Create Step Change Up for European Gas, Asian LNG

Supply Constraints Create Step Change Up for European Gas, Asian LNG

Russian pipe gas flows to Europe fell again and will likely remain heavily curtailed over the coming weeks. This was a key driver behind price rises at the ICIS TTF which in turn lifted the ICIS East Asia Index (EAX) back to prices last seen in March.

June 24, 2022
Europe and Asia LNG Prices Surge on Freeport Outage, Nord Stream 1’s Reduced Flows

Europe and Asia LNG Prices Surge on Freeport Outage, Nord Stream 1’s Reduced Flows

News that the outage at Freeport LNG in the US will last longer than initially expected drove up the ICIS European TTF gas benchmark due to lower expected US exports. The ICIS East Asia Index (EAX) also climbed, underscoring its close ties to Europe’s prices.

June 17, 2022
‹ Previous 1 2 3 11