Global LNG Hub
No Result
View All Result
  • Login
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
SUBSCRIBE
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
Global LNG Hub
Home LNG Contracts & Pricing

Gas prices up as geopolitical tensions increase

Editor by Editor
11 months ago
min read2 min
Gas prices up as geopolitical tensions increase
Share on FacebookShare on TwitterShare on Linkedin

European gas prices rebounded strongly yesterday, inflated by the rise in the risk premium on the Ukrainian crisis.

RELATED POSTS

Spot LNG trade fell in 2022

Spot LNG trade fell in 2022

3 days ago
Global gas price correlation remains strong

Global gas price correlation remains strong

3 days ago
Henry hub prices slide below $3

Henry hub prices slide below $3

4 days ago

Indeed, after President Putin recognized eastern Ukraine’s Donetsk and Luhansk regions as breakaway states, Europe and the USA have decided to apply a series of sanctions against Russia.

In particular, German Chancellor Scholz said that the Nord Stream 2 gas pipeline could not now be certified. The rise in Asia JKM prices (+7.61% on the spot, to €77.351/MWh) helped accompany the bullish momentum. On the spot pipeline supply side, Norwegian flows weakened slightly yesterday, averaging 340 mm cm/day, compared to 344 mm cm/day on Monday. Russian supply was slightly higher, averaging 185 mm cm/day, compared to 182 mm cm/day on Monday.

At the close, NBP ICE March 2022 prices increased by 17.460 p/th day-on-day (+10.06%), to 190.990 p/th. TTF ICE March 2022 prices were up by €7.23 (+9.96%), closing at €79.789/MWh. On the far curve, TTF ICE Cal 2023 prices were up by €5.44 (+10.53%), closing at €57.026/MWh.

TTF ICE March 2022 prices closed yesterday around the 5-day High target. They are trading above this level this morning, a move that can no longer be considered as arising from the normal market volatility.

Indeed, a real bullish trend is building, as shown by the upward slope of the 5-day average. In the very short term, prices could rise towards the 20-day High target. Note that this level has a fundamental meaning.

Without Nord Stream 2 (so, very little hope of having additional Russian gas volumes), the European gas balance will continue to need to limit gas demand in the power generation sector (ie to maintain gas prices above coal switching levels) for sure, but also to replace gas with oil products wherever possible.

The spot gasoil substitution range is currently estimated between €91/MWh and €110/MWh. The bad news is that the Ukrainian crisis also leads this gasoil range to move upwards.

Source: EnergyScan

Tags: energy crisisEnergyScanEuropean gas importsEuropean gas pricesTTF pricesUkraine crisis
Editor

Editor

Related Posts

Spot LNG trade fell in 2022
LNG Contracts & Pricing

Spot LNG trade fell in 2022

3 days ago
Global gas price correlation remains strong
LNG Contracts & Pricing

Global gas price correlation remains strong

3 days ago
Henry hub prices slide below $3
LNG Contracts & Pricing

Henry hub prices slide below $3

4 days ago
LNG-prices
LNG Contracts & Pricing

Weekly trend of natural gas and LNG prices – January 23

5 days ago
LNG-prices
LNG Contracts & Pricing

Weekly trend of natural gas and LNG prices – January 16

2 weeks ago
LNG-prices
LNG Contracts & Pricing

Weekly trend of natural gas and LNG prices – January 11

3 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

Global gas supply to tighten in 2023

Global gas supply to tighten in 2023

3 weeks ago
LNG-prices

Weekly trend of natural gas and LNG prices – January 11

3 weeks ago
Henry hub prices slide below $3

Henry hub prices slide below $3

4 days ago
Load More

Recent Post

Spot LNG trade fell in 2022

Spot LNG trade fell in 2022

3 days ago
Global gas price correlation remains strong

Global gas price correlation remains strong

3 days ago
Henry hub prices slide below $3

Henry hub prices slide below $3

4 days ago
Mauritania/Senegal on track to begin LNG exports

Mauritania/Senegal on track to begin LNG exports

4 days ago
LNG-prices

Weekly trend of natural gas and LNG prices – January 23

5 days ago
Freeport-LNG

Freeport LNG completes repairs

5 days ago
Load More

Online platform for sharing analysis and information on Global and regional LNG markets. Weekly newsletter each Wednesday more info

Categories

  • Asian LNG
  • Australian LNG
  • European LNG
  • Global LNG
  • LNG Africa
  • LNG Bunkering
  • LNG Latin America
  • LNG North America
  • LNG Projects
  • LNG Trade and Pricing
  • Middle East LNG
  • Small Scale LNG
  • FLNG

Recent Posts

Spot LNG trade fell in 2022

Global gas price correlation remains strong

Henry hub prices slide below $3

Energise your Wednesday!

Sign up to receive our weekly newsletter with new LNG market reports, presentations & analysis. Every Wednesday!

By signing up, I agree to our TOS and Privacy Policy.

© 2020 GlobalLngHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login

© 2020 GlobalLngHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Energise Your Wednesday!

SIGN UP to receive our weekly newsletter with new LNG market reports, presentations & analysis. EVERY WEDNESDAY!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?