TTF

European natural gas prices rebounded on Tuesday amid colder weather and signs that cheaper LNG cargoes have brought some Asian buyers back to the market. The prompt Title Transfer Facility (TTF) contract finished at nearly $19/MMBtu after falling to $17.522 on Monday. It was a rare gain after weeks of losses that have pushed the…

The European Union’s (EU) energy regulator plans to publish a daily LNG price assessment starting Friday as part of policies established last year to create a bloc-wide benchmark. The EU Agency for the Cooperation of Energy Regulators (ACER) was ordered to begin publishing price assessments by Jan. 13 after the European Commission (EC) passed new…

European natural gas prices climbed higher Monday, breaking from the sharp losses of recent weeks as the market weighs increased competition with Asia for LNG and colder weather forecasted for later in the month.  The February Title Transfer Facility (TTF) contract gained 7% Monday to finish above $23/MMBtu. It remains at pre-war levels, but above…

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…

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…

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…

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…

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.

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…