TTF

Global prices remained steady for the weekend as international buyers continue to monitor the winter outlook, but another potential disruption at Freeport LNG could help stoke anxiety. Nominated flows of feed gas to the facility on the Gulf South Pipeline system, Freeport’s primary supply route, dropped to 54% of design capacity on Thursday and remained…

Global natural gas prices continued falling on Monday, extending last week’s losses amid ample supplies and mild weather forecasts. In Europe, the benchmark Title Transfer Facility (TTF) declined by nearly 7% as the week got underway. The prompt month finished Monday near $14/MMBtu.  Storage inventories on the continent are at 99.6% of capacity, compared to…

Egypt’s government said Sunday that its natural gas imports have stopped as Israel intensified its fight against Hamas in Gaza.  Natural gas prices in Asia and Europe stabilized Monday after declines last week. The market again braced for the possibility of a broader conflict in the Middle East.  Egypt said Sunday that gas supplied from…

Despite record high European Union (EU ) natural gas storage levels and lower prices, the bloc’s executive arm may extend an emergency limit on the cost of gas that was implemented earlier this year to avoid any potential price hikes this winter. The European Commission (EC) is reportedly considering an extension as an investigation of…

The European Union’s (EU) energy regulatory agency has recommended bloc members continue reducing natural gas consumption in the short-term and prioritize energy projects that cut future demand. Since European natural gas prices rose to peak levels last summer, the region’s supply and demand balance has found an uneasy equilibrium thanks to demand reduction policies and…

European natural gas prices inched higher Monday as the threat of a broader conflict in the Middle East offset a warmer forecast and ample supplies on the continent.  The December Title Transfer Facility (TTF) contract added about a nickel and again finished above $17/MMBtu. TTF is about 30% higher than it was before Israel declared…

The rally in European natural gas prices lost steam on Monday with a warmer weather forecast and ample Norwegian production offsetting the prospect of a broader conflict erupting in the Middle East.  The benchmark Title Transfer Facility (TTF) declined 10% Monday and finished just below $15/MMBtu after charging higher last week following Israel’s declaration of…

Global natural gas prices ticked higher on Monday driven partly by ongoing supply fears as winter approaches. Norwegian exports to the rest of Europe continue to gradually ramp back up. Nominations were at 254 million cubic meters (MMcm) on Monday and closer to normal levels of over 300 MMcm. That’s up from 175.9 MMcm a…

Natural gas buying at prices linked to dominant benchmarks like Henry Hub, the Japan-Korea Marker and the Dutch Title Transfer Facility hit record levels last year as buyers scrambled to secure supplies amid one of the worst energy crises in decades, according to the International Gas Union (IGU). The increase in global gas-on-gas competition (GOG)…