Henry Hub
Day change: $0.112, down 3.3% | Settle: $3.240 | July 2021
TTF
Day change: $0.239, down 2.3% | Settle: $10.245 | July 2021
JKM
Day change: Virtually unchanged | Settle: $10.924 | July 2021
Heatwave!! Texas’ ERCOT has requested us Texans to kindly pump our thermostats up to a crispy 78 degrees amid a strained grid and surging temps…
Meanwhile, surging temps in California and reduced hydropower reservoir capacity (~70% of normal levels) has prompted much higher gas prices out west.
Furthermore, North American Electric Reliability (NERC) has warned that California would require interstate imports this summer to maintain reliability
Equinor presented its net-zero by 2050 strategy today, disclosing it will no longer operate shale oil and gas fields and other unconventional resources, globally
While Russian gas pipeline imports remain relatively muted, Europe’s inability to attract LNG cargoes is pushing up demand for coal as electricity demand surges. Coal usage on the continent has jolted by 10-15% so far in 2021, particularly after a colder-than-normal winter, which left gas storage inventories below normal
Source: Tellurian
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