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.
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Articles from TTF
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
Global Natural Gas Prices Swing with Freeport LNG Offline – LNG Recap
Last week’s explosion that knocked the Freeport liquefied natural gas (LNG) export terminal offline continued to test the global gas market Monday, as prices in the United States were down and the supply disruption combined with others to push prices higher in Europe. Freeport LNG Development LP said it expects the terminal, which provides four…
June 13, 2022
Asia-Europe Price Spread Narrows on Asian LNG Tenders
The spread between the European TTF and the East Asia Index (EAX) further narrowed in the past two weeks, as Asian demand rose, especially in south Asia and Japan. The market saw a flurry of Asian tenders for summer deliveries, narrowing the price spread.
June 10, 2022
TTF Sell Off Continues as Natural Gas Inventories Climb, Imports Stay Strong – LNG Recap
European natural gas prices continued their decline Tuesday as storage inventories on the continent appeared on track to fill by the end of summer. The prompt Title Transfer Facility (TTF) contract has shed nearly $5 over the last week. While liquefied natural gas (LNG) arrivals have slowed somewhat, they remain well above deliveries at this…
June 7, 2022
High Natural Gas Prices Have Asian Buyers Still Reticent Despite European LNG Slowdown
The wave of liquefied natural gas (LNG) cargoes headed to Europe has started to slow as storage on the continent rises, but there are signs that extreme prices could be delaying an anticipated ramp up from Asian buyers. Instead, more volumes of LNG have been steadily heading to destinations like Brazil, according to research from…
June 3, 2022
ICE Reports Jump in LNG, European Natural Gas Trades Amid Volatility
Additional volatility in the global natural gas market set off by Russia’s invasion of Ukraine earlier this year is driving liquidity in global benchmarks that continues to set new highs, particularly in Europe, according to the Intercontinental Exchange (ICE). Open interest in Italian Punto di Scambio Virtuale (PSV) gas futures was up 169% year/year from…
June 1, 2022
Asian-European Natural Gas Price Spread Narrows on Uptick in Demand
MADRID (ICIS) –The spread between TTF and Asian prices narrowed slightly in the seven days to 26 May, as the ICIS TTF dropped slightly while the East Asia Index (EAX) rose on regional demand rallies.
May 27, 2022
European Natural Gas Prices Hit Three-Month Low – LNG Recap
Natural gas prices in Europe on Monday slumped to their lowest level since Russia invaded Ukraine in February as weak demand and the steady arrival of liquefied natural gas (LNG) cargoes have combined to weigh down benchmarks. Storage inventories are filling rapidly as the continent races to displace Russian supplies. Inventories were at about 43%…
May 23, 2022
TTF Sees Weekly Gain on Russian Flow Cut, as Asian Market Drops
European TTF prices opened down on Thursday morning after a strong start to the week triggered by news that Russia would stop pipeline gas exports to Poland and Bulgaria.
April 29, 2022
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