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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
Europe’s TTF Rises on Winter Signals, While Asia LNG Price Dips on Stable Demand

Europe’s TTF Rises on Winter Signals, While Asia LNG Price Dips on Stable Demand

MEXICO CITY (ICIS) — European gas prices were boosted by forecasts of colder temperatures in Europe, which supported consumption for both domestic and gas-for-power demand.

December 9, 2022
Colder Weather Lifts LNG Prices as Europe’s Premium to Asia Widens

Colder Weather Lifts LNG Prices as Europe’s Premium to Asia Widens

LONDON (ICIS) – Forecasts of colder temperatures in northeast Asia lifted the ICIS East Asia Index (EAX) on Thursday, in contrast to its downward trajectory throughout most of the week.

December 2, 2022
South Asian LNG Buyers Said Locked Out of Spot Market as Winter Approaches

South Asian LNG Buyers Said Locked Out of Spot Market as Winter Approaches

South Asian LNG buyers, particularly Pakistan and Bangladesh, are finding it difficult to pay high spot prices as the region moves into the winter season. Meanwhile, India has too much of the super-chilled fuel because domestic consumers refuse to pay top dollar. Asian liquefied natural gas spot prices jumped last week, hitting a seven-week high,…

December 1, 2022
Gazprom Keeps Natural Gas Flowing Through Ukraine, Pushing TTF Lower – LNG Recap

Gazprom Keeps Natural Gas Flowing Through Ukraine, Pushing TTF Lower – LNG Recap

European natural gas prices declined on Monday, when supply concerns were eased by Gazprom PJSC, which did not reduce the supplies it’s shipping through Ukraine after warning of cuts last week. The January contract fell by 1% after Gazprom said conditions had been met to keep moving gas at current levels into Ukraine, one of…

November 28, 2022
EU Ministers Fail to Agree on Natural Gas Price Cap Proposal, Further Revisions Likely

EU Ministers Fail to Agree on Natural Gas Price Cap Proposal, Further Revisions Likely

European Union (EU) energy ministers failed to reach an agreement on a proposal to cap natural gas prices in Europe at a meeting in Brussels last week. The European Commission (EC) proposed the cap. The EU’s executive branch said it would help the continent cope with rising energy prices inflicted by Russia’s move to cut…

November 28, 2022
EU Leaders Unveil ‘Safety Ceiling’ to Protect Against Volatile Natural Gas Price Swings

EU Leaders Unveil ‘Safety Ceiling’ to Protect Against Volatile Natural Gas Price Swings

The European Commission (EC) has proposed a bloc-wide ceiling on natural gas prices linked to Europe’s benchmark in an effort to stanch massive financial volatility, potentially sending ripple effects across global gas markets. In a proposal outlined by the European Union’s (EU) executive branch Tuesday, the Commission could institute a “safety price” mechanism by the…

November 22, 2022
Storage Inventories, LNG Supply Keep Lid on European Prices Despite Cold Snap – LNG Recap

Storage Inventories, LNG Supply Keep Lid on European Prices Despite Cold Snap – LNG Recap

Cold weather has finally arrived in Europe, necessitating some of the season’s first natural gas storage withdrawals and lifting prompt prices.  The Title Transfer Facility (TTF) finished last week higher on colder forecasts and the gains held Monday, when the December contract finished 30 cents higher at $34.87/MMBtu. Other winter contracts fell with storage inventories…

November 21, 2022
Storage, LNG Calm European Natural Gas Prices as Countries Look for Further Demand Cuts

Storage, LNG Calm European Natural Gas Prices as Countries Look for Further Demand Cuts

Even as a mild start to European winter and a glut of LNG cargoes calm natural gas prices on the continent, governments are urging greater gas conservation as the risks of spiking demand pile up. European Union natural gas storage is currently above 95%, ahead of the bloc’s 80% target for winter, as the region…

November 17, 2022
TTF’s Premium Over Asian Spot LNG Price Narrows Sharply

TTF’s Premium Over Asian Spot LNG Price Narrows Sharply

HOUSTON (ICIS) – The TTF front-month contract has fallen by 31% since the start of October.

November 4, 2022