Gas Hub Prices & Market Commentary – March 16

natural gas prices at the hubs

Gas prices at the hubs (March 16)

Henry Hub
Day change: $0.078, up 3.1% | Settle: $2.562 | April 2021

TTF
Day change: $0.105, down 1.7% | Settle: $6.168 | April 2021

JKM
Day change: UNCH | Settle: $6.077 | April 2021

U.S. feedgas nominations hit an all-time high of 11.6 bcf/d
The Senate confirmed Deb Haaland as the U.S. Secretary of the Interior. Haaland was an early supporter of the Green New Deal but struck a more measured tone in her confirmation hearings, saying: “There’s no question that fossil energy does and will continue to play a major role in America for years to come”

Kinder Morgan has formed Energy Transition Ventures, which will pursue opportunities in CCUS, renewables, hydrogen, RNG, and power transmission

A foray into the forêt: Total and Forêt Ressources Management have agreed to plant 40,000 hectares of forest in the Republic of Congo. The carbon sink will sequester more than 10 mtpa of CO2 over 20 years

The UK government has floated a potential moratorium on future oil and gas exploration licenses in the North Sea. Operators warned the move could have “concerning” unintended consequences

Source: Tellurian

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