Ukraine-Russia Crisis

The price spread between the ICIS East Asia Index (EAX) and Dutch TTF widened over the week, with East Asian spot prices dipping on high utility inventory levels in Japan and the latest tender cargo awards from south and southeast Asia.

European natural gas prices fell sharply Thursday after a brief gain, despite more damage discovered on the Nord Stream (NS) natural gas pipelines and calls for more energy conservation in Germany. Details of a fourth leak were released by the Swedish Coast Guard and other agencies investigating a possible explosion on Tuesday that damaged the…

Natural gas futures on Wednesday gained ground for the first time in five sessions as global supply doubts personified by Russia’s president and his threat of launching nuclear weapons overshadowed fading demand. At A Glance: Russia to ramp up Ukraine war effort Analysts look for 90s Bcf injection Forecasts call for cooler conditions The October…

Proposals by the European Commission (EC) to tame soaring energy costs don’t alter the role natural gas plays on the continent and may do little to rein in the volatility that has ruled the market this year. The EC proposed revenue caps on some power producers, a windfall tax on the excess profits of fossil…

European natural gas prices rebounded Tuesday after signs emerged of how policymakers on the continent plan to intervene in the energy crisis.  The European Commission is expected to unveil draft measures to mitigate skyrocketing energy costs Wednesday. Leaked documents that could ultimately change showed that a price cap on both Russian natural gas and other…

A roundup of news and commentary from NGI’s LNG Insight UK Prime Minister Liz Truss on Thursday announced a package of measures aimed at easing the nation’s energy crisis, including a cap on household energy bills and a massive government-backed fund to boost the liquidity of energy companies.  The government would guarantee household energy bills…

European natural gas prices retreated Tuesday as governments considered a bevy of options to intervene and limit the economic impacts of a relentless energy crisis. Title Transfer Facility (TTF) prices soared Monday. They finished nearly $10 higher as the week got underway and the market weighed Gazprom PJSC’s late Friday announcement that it would not…

Gazprom PJSC said Friday that it discovered an oil leak on equipment that would prevent it from resuming natural gas deliveries on Nord Stream 1 (NS1) until repairs can be made, dealing a blow to Europe’s already tight market.  The 6 Bcf/d, 745-mile system, which has been operating at 20% capacity since July, was taken…

Russia on Wednesday shut down the massive Nord Stream 1 (NS1) pipeline serving Europe for another three days of maintenance, once again raising fears that flows won’t resume when work ends. Nominations on NS1 fell to zero early Wednesday, according to the operator. Deliveries on the 6 Bcf/d, 745-mile system that stretches from Russia to…