While the early LNG market mostly developed in Asia and the Middle East, the super-chilled fuel was first commercialized in the United States and Europe.
TTF
Articles from TTF
Global Natural Gas Prices Continue Trading Sideways – LNG Recap
Global natural gas prices were muted on Monday as Europe’s Title Transfer Facility (TTF) continued trading sideways, the Japan-Korea Marker (JKM) followed and prices in the United States remained at some of the lowest levels in years. Fundamentals are largely unchanged. TTF traded in a stable range at just under $20/MMBtu last week, but increased…
EU Rolls Out LNG Reference Price Before TTF Cap Takes Effect
The European Union (EU) has published the first LNG reference price for use in a market control mechanism to cap natural gas prices under regulations that take effect later this month. The reference price is an average of several liquefied natural gas indexes and benchmark prices that will be used to trigger the cap if…
Demand Reduction, Term LNG Supplies Among Keys to Coming Winters in Europe, Bruegel Says
Europe must continue cutting its natural gas consumption this year and act quickly to secure additional supplies if it expects to make it through next winter, according to Brussels-based think tank Bruegel. The European Union (EU) must cut demand this year by 13% from the previous five-year average through at least Oct. 1, Bruegel said…
Abaxx Tests Future of Physical Contracts in Quest for LNG Benchmark
As global natural gas market volatility continues to raise questions about the effectiveness of established futures benchmarks, Abaxx Technologies Inc. is pursuing a solution through physically-settled LNG contracts. Through a unit based in Singapore, Abaxx is preparing to launch physically-settled contracts for the three major liquefied natural gas markets: Northwest Europe, North Asia Pacific and…
ICE to Launch Alternative TTF Market in Response to EU Natural Gas Price Cap
Intercontinental Exchange Inc. (ICE) said Friday it would launch a market for trading Title Transfer Facility (TTF) contracts in London that are subject to the European Union (EU) cap on the continent’s gas benchmark that takes effect next month. “ICE’s purpose is to create markets to allow our customers to manage their risk and we…
Algeria Makes Ambitious Plans to Nearly Double LNG, Pipeline Exports
Algeria, Europe’s third largest natural gas supplier, is planning to boost LNG and pipeline exports to the continent this year as it continues to wean off Russian supplies. Nearly 85% of the country’s gas exports are already designated for Europe, making Algerian President Abdelmadjid Tebboune’s pledge to nearly double them to 100 billion cubic meters…
Column: Back to the Future with Oil in Search of a Global LNG Price Index
Experienced commodity professionals, upon encountering the LNG market for the first time, will often note the lack of a globally recognized liquefied natural gas price benchmark.
TTF Trades Sideways as Natural Gas Fundamentals Remain Unchanged – LNG Recap
The European natural gas market was unfazed by colder weather and weak deliveries from Russia and Norway on Monday, when prices dropped amid a broader outlook that remains largely unchanged. Lower temperatures in Northwest Europe are forecast this week, while freezing temperatures and a drop in wind power in the UK prompted the grid operator…
EU Agencies Report Natural Gas Price Cap Impacts Looming as Mechanism Remains Untested
Europe’s energy regulators and financial market authority reported the European Union’s (EU) natural gas price cap policies haven’t appeared to impact trading, but the bloc’s price control mechanism hasn’t been tested. The European Securities and Markets Authority (ESMA), the EU’s independent financial markets regulator, delivered a preliminary report Monday as part of the European Council’s…