A major theme of this report (by EnergyQuest) is the federal government’s proposed takeover of the east coast gas market, throwing out the OECD gas market rule book with a move to cost-based pricing. Just as the government was implementing its gas price cap, east coast prices were coming down anyway with the summer season surge in solar generation. The […]
C’est la grève: virtually all French LNG terminals stopped operations amidst national strike, temporarily tightening French and northwest European gas supply. The Elengy operated terminals (Montoir, Fos Cavaou, Fos Tonkin) are set to hold operations until 14 March, while Dunkirk for at least 48 hours. Altogether, this will reduce French LNG send-out by ~0.5 bcm […]
????????????????????????: Imports totalled ????.???????? metric tonnes in February, an 8.3% decrease month on month but a 10% jump year on year. The 2020-2022 average for the month is 6.4m tonnes. ???????????????????????? is the regional leader with 1.9m tonnes, followed by the UK (1.6m) and Spain (1.5m) Europe accounted for a ????????% share of global LNG […]
Natural gas prices continued to slide across all key gas markets in February amidst unseasonably mild weather and improving supply conditions. In Europe, TTF prices fell almost 40% year-on-year to an average of $17/mmbtu. Lower demand (down by 6% yoy), strong LNG and high inventory levels (50% above 5y average) all provided downward pressure on […]
The Northeast Asian assessed spot LNG price JKM for the previous week (20 February – 24 February) rose to USD 15/MBtu on 20 February from USD 14/MBtu the previous week due to several tenders for prompt delivery cargoes issued by major Indian buyers, but fell to USD 14/MBtu on the next day due to lower […]
Natural gas futures had been trading upwards all week, rebounding after trading a ferocious fall since mid December of 2022 which saw prices as high as $6.87/MMBtu come down to as low as $1.96/MMBtu. April’s contract was down more than 15 cents yesterday in early morning trading before slowly creeping back and ultimately turning positive […]
NYMEX prompt month natural gas futures have begun a bounce after breaking through $2.00/MMBtu support during after-hours trading last night. The last time natural gas prompt month futures were below $2.00/MMBtu was almost 2.5 years ago on September 24, 2020. Price has rebounded by 12 cents since yesterday’s settle of $2.07/MMBtu, and indicators are showing […]
The Northeast Asian assessed spot LNG price JKM for the previous week (13 February – 17 February) fell for three consecutive business days from USD 16/MBtu the previous week to USD 15/MBtu on 15 February due to a lull in winter procurement, high inventory levels amid a mild winter and a few cargo shipments from […]
NYMEX prompt month natural gas futures have begun a bounce after breaking through $2.00/MMBtu support during after-hours trading last night. The last time natural gas prompt month futures were below $2.00/MMBtu was almost 2.5 years ago on September 24, 2020. Price has rebounded by 12 cents since yesterday’s settle of $2.07/MMBtu, and indicators are showing […]