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Global Security Threats Push Natural Gas Prices Higher Despite Lax LNG Demand – LNG Recap

Global Security Threats Push Natural Gas Prices Higher Despite Lax LNG Demand – LNG Recap

While LNG demand still remains mostly lax across Europe and Asia, the specter of supply volatility helped stoke global prices Monday as traders reacted to a bevy of attacks in Russia and Ukraine. The Dutch Title Transfer Facility (TTF) continued its upward march from last week, closing above $9/MMBtu. Asian liquefied natural gas prices followed…

March 25, 2024
TTF Rally Continues Amid Global Natural Gas Supply Outages – LNG Recap

TTF Rally Continues Amid Global Natural Gas Supply Outages – LNG Recap

European natural gas prices rallied for a fifth day on Tuesday in the longest stretch of gains since September, pushed higher by global supply outages and strength in other commodities.  The April Title Transfer Facility (TTF) contract gained another penny to finish at $9.18/MMBtu on Tuesday, its highest settlement since last month. Strong storage inventories,…

March 19, 2024
Maintenance, Unplanned Outages at U.S. Export Plants Cut Into Global Supply – LNG Recap

Maintenance, Unplanned Outages at U.S. Export Plants Cut Into Global Supply – LNG Recap

Global natural gas prices oscillated on Monday as the market reacted to supply outages in the United States and Europe. Feed gas deliveries to the Freeport LNG export terminal on the upper Texas coast sank over the weekend. The facility is scheduled this week to restart a train that went offline in January. NGI data…

March 11, 2024
Low Natural Gas Prices Spur Asian Spot Buying – Three Things to Know About the LNG Market

Low Natural Gas Prices Spur Asian Spot Buying – Three Things to Know About the LNG Market

No. 1: Low natural gas prices are bringing more buyers back to the spot market for cheap LNG cargoes before costs rise, particularly in Asia. Buyers in China, Bangladesh and South America have issued buyer tenders scheduled to close over the next week for 27 cargoes, according to Kpler data. Meanwhile, buyers in China, India,…

March 8, 2024
U.S. Production Cuts Help Lift European Natural Gas Prices – LNG Recap

U.S. Production Cuts Help Lift European Natural Gas Prices – LNG Recap

European natural gas prices continued climbing higher on Tuesday, lifted partly by the largest U.S. gas producer’s decision to curb output significantly this quarter.  The Title Transfer Facility (TTF) gained across the curve, with the prompt month adding another 4% to finish about a quarter shy of $9/MMBtu on Tuesday. EQT Corp.’s announcement on Monday…

March 5, 2024
Ongoing Freeport LNG Outage Helps Lift European Natural Gas Prices – LNG Recap

Ongoing Freeport LNG Outage Helps Lift European Natural Gas Prices – LNG Recap

Freeport LNG Development LP said Tuesday the third train at its export facility on the upper Texas coast would be offline for another two weeks, extending a month-long outage and providing support for European natural gas prices.  Spokesperson Heather Browne told NGI on Tuesday that the company is working to finish motor repair work after…

February 27, 2024
Global Natural Gas Prices Continue Freefall Amid Spiraling Demand, Warm Weather – LNG Recap

Global Natural Gas Prices Continue Freefall Amid Spiraling Demand, Warm Weather – LNG Recap

Warm weather across the Northern Hemisphere continues to drag down global natural gas prices as demand remains weak and supplies are healthy.  Title Transfer Facility (TTF) and Japan-Korea Marker (JKM) futures have fallen by over 30% since the start of winter.  “The key drivers behind falling prices have been a mild winter, ongoing demand weakness…

February 12, 2024
Escalating Geopolitical Tensions Push European Natural Gas Prices Higher – LNG Recap

Escalating Geopolitical Tensions Push European Natural Gas Prices Higher – LNG Recap

Escalating tensions in the Middle East and uncertainty over U.S. LNG exports combined Monday to push European natural gas prices higher. Despite weak fundamentals, “geopolitics remain in focus” for the global energy market, said Schneider Electric analyst Robbie Fraser. Three U.S. servicemen were killed in a drone strike in Jordan over the weekend that was…

January 29, 2024
Global Natural Gas Prices Expected to Remain Muted Despite Roiling Volatility – LNG Recap

Global Natural Gas Prices Expected to Remain Muted Despite Roiling Volatility – LNG Recap

The tensions ratcheting up in the Middle East have left the Suez Canal devoid of LNG carriers to start the week, adding shipping lags and costs to cargoes for possibly the rest of the winter. However, the global natural gas market appears locked into a downward spiral as forecasts point to weaker price dynamics through…

January 22, 2024
Canada’s Tourmaline Touts JKM, TTF Exposure in Supply Deals with 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…

January 17, 2024
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