LNG Insight

Intercontinental Exchange Inc. (ICE) has warned European Union (EU) members that implementing a cap on natural gas prices without allowing markets time to adjust would cause more instability and possibly force it to reconsider trading in the Netherlands. ICE has alerted EU members in a memo that proposals for an emergency mechanism to limit natural…

Editor’s Note: This content is provided courtesy of Independent Commodity Intelligence Services (ICIS). Visit natgasintel.com/icis for more information. HOUSTON (ICIS) — Asia spot prices held relatively steady this week, with the January ‘23 ICIS East Asia Index (EAX) up less than 3% on 15 December from one week ago. In recent days the EAX was…

Natural gas forward gains were widespread during the Dec. 8-14 period as forecasts showed Arctic chills sweeping through the eastern two-thirds of the Lower 48 heading into the back half of December. Meanwhile, already-elevated western hubs saw prices moderate, according to NGI’s Forward Look. As the market locked onto the coming cold blast and a…

Federal regulators have cleared Energy Transfer LP (ET) to start service on the 1.65 Bcf/d Gulf Run natural gas pipeline system in Louisiana, opening a path to meet increasing demand along the Gulf Coast and in international markets.  The project is underpinned by a 1.1 Bcf/d commitment from anchor shipper Golden Pass LNG, which is…

Five vessels have declared Freeport LNG as a destination for late December, according to ship tracking data from Kpler, as more buyers bet on the terminal’s partial restart by year’s end.

Germany is preparing for its first of several new LNG import terminals to arrive offshore near the end of the week, marking a milestone in its plan to increase import capacity and cut reliance on Russian pipeline gas. The Hoegh Esperanza, a floating storage and regasification unit (FSRU) owned by Höegh LNG AS, is expected…

For all the concern about climate change – a worry he shares – JPMorgan Chase & Co.’s chief executive said the world’s current and foreseeable energy needs cannot be met without natural gas and oil. JPMorgan’s Jamie Dimon said Russia’s war in Ukraine amplified the significant role of both energy sources. He noted the surge…

Like many European buyers hungry for natural gas since Russia cut supplies significantly, Dutch transmission system operator NV Nederlandse Gasunie is exploring options to increase LNG import capacity to meet future demand.  But “no gas shortage is foreseen for this winter,” Gasunie spokesperson Marie-Lou Gregoire told NGI, based on the success of previous research on…

Australia’s proposed plan to protect domestic consumers from global natural gas market volatility has made major LNG exporters rethink domestic supply partnerships and sparked concern amongst countries reliant on Australian supplies. On Dec. 9, the government outlined an intervention plan that could cap domestic natural gas prices at around $8/gigajoule and coal at around $86/ton…