TTF

Global natural gas prices weakened on Monday amid bearish weather forecasts.  Both the prompt Dutch Title Transfer Facility and the UK’s National Balancing Point gave up last week’s gains, when the European benchmarks were pushed up by cooler temperatures, rising carbon prices, improving crude oil and stronger sentiment in the Asian gas market. Above-normal temperatures…

Global natural gas prices fell last week on warmer temperatures and declining demand as winter nears an end. Both April spot and futures prices in Asia slipped below the $6.00/MMBtu mark as buying in the region has fallen off. That helped push prices lower in Europe as more liquefied natural gas (LNG) supply has become…

European natural gas prices again moved higher on Monday as forecasts grew colder and higher carbon prices supported the commodity.  Both the Dutch Title Transfer Facility and the UK’s National Balancing Point climbed higher last week. Very cold temperatures are forecast for the northern half of Europe over the next week, while the 11- to…

Liquefied natural gas (LNG) cargoes are returning to Europe after a hiatus that saw vessels flocking to Asia amid a historic cold snap last month. Milder weather in Asia along with stronger supply levels have spot prices for March delivery trending below $8.00/MMBtu, disincentivizing European reloads and marginal cargoes from the United States. Asian spot…

Global exchange operator Intercontinental Exchange Inc. (ICE) saw record activity across its Title Transfer Facility (TTF) and Japan Korea Marker (JKM) natural gas benchmarks in January. Citing “volatile market conditions set against the ongoing liberalization” of liquefied natural gas (LNG), ICE reported record monthly futures and options volumes for TTF and JKM contracts. “Customers from…

Global natural gas prices are falling as the week gets underway on warmer near-term weather in parts of the world and a rebound in supplies after the market was squeezed last month amid a historic cold snap across much of the northern hemisphere. While prices in many European markets bounced back to finish last week…

Global natural gas prices continued to normalize last week as forecasts warmed and more supplies became available.  The Japan Korea Marker spot price fell below $9.00 to finish at $8.90/MMBtu after it shot above $30 to reach an all-time high earlier this month. Meanwhile, prompt European natural gas prices were steady, moving sideways throughout most…

Snow and bitter cold from Europe to North Asia, which has pushed liquefied natural gas (LNG) and electricity prices to record-setting highs, hasn’t eased as the rally stretches into another week. Winter weather has combined with supply outages and shipping constraints in recent weeks to create a historic stretch for the global gas market. Temperatures…

Liquefied natural gas (LNG) prices continued to set records in North Asia on Wednesday as buyers scrambled for prompt cargo deliveries amid a supply shortage and cold snap. Trafigura Group Pte. Ltd. purchased a cargo from PetroChina Co. Ltd. at $21.70/MMBtu for delivery to China early next month. The transaction was above the previous high…