Gas Hub Prices & Market Commentary – March 8

Daily review of natural gas prices – Henry Hub, JKM, TTF – and key market events

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Gas Prices at the hubs:

Henry Hub
Day change: $0.037, down 1.4% | Settle: $2.664 | April 2021

TTF
Day change: $0.102, down 1.7% | Settle: $5.618 | April 2021

JKM
Day change: UNCH | Settle: $6.000 | April 2021

BHI Rig Count: net gas rigs are unchanged at 92 rigs as a rig addition in the “other” category offset a loss of one rig in the Barnett.

Family Hoegh: Hoegh LNG is poised to go private in a $212 million deal with a 50:50 JV of Morgan Stanley Infrastructure Partners and Leif Hoegh.

The deal follows GasLog’s delisting plans announced last month through a merger with BlackRock’s Global Energy & Power Infrastructure team.

Indonesia’s Petronas is concerned about potential cost overruns and delays associated with the Coastal GasLink project feeding LNG Canada.

Petronas still expects to deliver first LNG by “the middle of this decade”.

NextDecade and Bechtel have completed a price refresh on their EPC contract.

Gazprom has sold a carbon-neutral LNG cargo to Shell at the UK Dragon terminal using nature based credits; it’s the first CO2 neutral cargo sold in the Atlantic Basin.

Source: Tellurian

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