Gas hub prices and market commentary

Henry Hub
Day change: $0.131, down 3.2% | Settle: $3.971 | August 2021

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TTF
Day change: $0.253, up 2.0% | Settle: $13.035 | August 2021

JKM
Day change: $0.215, up 1.5% | Settle: $14.805 | September 2021

Sempra announced it will convert its 2 mtpa SPA with Poland’s PGNiG to a non-binding MOU for LNG from Sempra LNG’s portfolio of projects.

Cheniere plans to introduce feed gas to Train 6 this month, putting it on track to start commercial service in early 2022.

Gazprom did not book extra capacity via the Ukrainian transit system for August and will likely maintain an expected 125 mmcm/d (4.4 bcf/d) next month.

European governments are hesitant to support the more aggressive of the EU’s proposed Fit-for-55 rules, particularly extending ETS to buildings and transport.
Facing domestic political pressures, French President Macron and other leaders have expressed “quite a lot of reservations,” said Slovenia’s Environment Minister.

Meanwhile, Russian President Putin’s representative on sustainable development estimated that the Russian economy would lose 10% of GDP due to global decarbonization efforts, especially with EU carbon regulations.

Sinopec aims to boost domestic gas output to 48 bcma by 2024, up 60% from 2020.

China didn’t fund any new coal-fired power projects for the One Belt One Road initiative in H1 2021, the first time that’s happened since 2013, on investor pressure.

Scotchy scotch scotch, into my gas tank: Scotch maker Glenfiddich has started converting its delivery trucks to run on biogas made from whiskey, of course.

The biogas is made from production waste at its distilleries.

Source: Tellurian

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