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TTF Plunges to Lowest Level Since 2021 as Natural Gas Supply Outlook Strengthens – LNG Recap

TTF Plunges to Lowest Level Since 2021 as Natural Gas Supply Outlook Strengthens – LNG Recap

European natural gas prices hit the lowest level since 2021 on Tuesday as warmer weather has eased concerns that the region won’t have enough of the fuel to make it through winter.  The Dutch Title Transfer Facility (TTF) February contract fell to nearly $22/MMBtu on Tuesday. That’s a low not seen since November 2021 before…

January 3, 2023
Wary Market Warns of Potential Chaos Once EU Natural Gas Price Cap Takes Effect

Wary Market Warns of Potential Chaos Once EU Natural Gas Price Cap Takes Effect

The European Union’s (EU) decision to cap natural gas prices could jeopardize the bloc’s efforts to refill storage inventories this summer and upend the region’s energy markets, industry and market participants have warned since the mechanism was finalized on Dec. 19.  The price cap would be triggered if the month-ahead Title Transfer Facility (TTF) contract…

December 30, 2022
More Tools Needed to Manage Risk in LNG Markets, CCRO Chief Says

More Tools Needed to Manage Risk in LNG Markets, CCRO Chief Says

Robert Anderson, executive director of the Committee of Chief Risk Officers (CCRO), sees strong parallels between the global LNG trade and the U.S. natural gas market of the 1980s and 1990s following deregulation. His group wants to make the global gas business more transparent.  The nonprofit was formed after the collapse of Enron Corp. to…

December 29, 2022
U.S. Exports Bounce Back After Winter Storm Upends Natural Gas Flows – LNG Recap

U.S. Exports Bounce Back After Winter Storm Upends Natural Gas Flows – LNG Recap

U.S. LNG export demand fell by about 5 Bcf/d heading into the holiday weekend as a brutal winter storm settled in over much of the country and impacted terminal operations. The storm brought high winds, rain, snow and freezing temperatures that cut into natural gas supply, slowed deliveries on interstate pipeline systems and halted vessel…

December 27, 2022
Mild Weather, Strong LNG Flows Weigh on TTF

Mild Weather, Strong LNG Flows Weigh on TTF

The global gas market continues to focus on the newly-agreed European cap on natural gas prices. The regulatory moves from the European Union fuelled the volatility on the European market, leading the TTF to rise on the news before falling consecutively session after session. The mild temperatures for the time of year in Europe and strong LNG flows also added to the bearish sentiment.

December 23, 2022

Extreme Cold Brings LNG Vessel Traffic to Standstill on Gulf Coast – The Offtake

A roundup of news and commentary from NGI’s LNG Insight Vessel traffic stopped Friday afternoon on waterways serving the Calcasieu Pass, Cameron, Corpus Christi and Sabine Pass LNG terminals in Texas and Louisiana.  Pilot service was suspended on the Sabine-Neches Waterway, Corpus Christi Ship Channel and the Calcasieu Ship Channel as an arctic front swept…

December 23, 2022
Russian Pipeline Explosion Fails to Move European Market as JKM Jumps Above TTF

Russian Pipeline Explosion Fails to Move European Market as JKM Jumps Above TTF

A fatal explosion on a natural gas pipeline in western Russia, which moves supplies to Europe, did little to move prices on the continent after a unit of Gazprom PJSC said deliveries were being rerouted. Three people were reportedly killed and another was injured during maintenance on a stretch of the Urengoy-Pomary-Uzhhorod pipeline in the…

December 20, 2022
ICE Warns of Margins That Could Rock European Natural Gas Market if Price Cap Moves Ahead

ICE Warns of Margins That Could Rock European Natural Gas Market if Price Cap Moves Ahead

Intercontinental Exchange Inc. (ICE) has warned European Union (EU) members that implementing a cap on natural gas prices without allowing markets time to adjust would cause more instability and possibly force it to reconsider trading in the Netherlands. ICE has alerted EU members in a memo that proposals for an emergency mechanism to limit natural…

December 16, 2022
EU Again Postpones Natural Gas Price Cap as Ministers Search for Consensus

EU Again Postpones Natural Gas Price Cap as Ministers Search for Consensus

European Union (EU) energy ministers on Tuesday failed to reach an agreement on a bloc-wide cap on natural gas prices at an emergency Energy Council meeting in Brussels. Since the European Commission proposed a gas price cap last month, the 27 member states have been split over how to reach a compromise on setting a…

December 14, 2022
European Natural Gas Market Shrugs Off First Test of Winter – LNG Recap

European Natural Gas Market Shrugs Off First Test of Winter – LNG Recap

European natural gas prices remained stable on Monday despite bitter cold that’s gripping the northern part of the continent. Prices spiked briefly last week as colder weather descended, but ample storage stocks and a steady flow of LNG supplies have kept a lid on both the Title Transfer Facility (TTF) and the National Balancing Point…

December 12, 2022