global-hydrogen-hub global-hydrogen-hub global-hydrogen-hub
Global LNG Hub Logo
No Result
View All Result
  • Login
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Cart / €0.00

No products in the cart.

  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Global LNG Hub
No Result
View All Result
Home LNG Contracts & Pricing

Gas prices up as geopolitical tensions increase

Editor by Editor
3 years ago
Reading Time: 2 mins read
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

LNG-prices

Weekly review of natural gas and LNG prices

21 hours ago
Asian-LNG-buyers

Asian LNG buyers are most exposed to Strait of Hormuz crisis

2 days ago
TTF-prices

TTF prices rose to above €40/MWh

1 week 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

LNG-prices
LNG Contracts & Pricing

Weekly review of natural gas and LNG prices

21 hours ago
Asian-LNG-buyers
LNG Contracts & Pricing

Asian LNG buyers are most exposed to Strait of Hormuz crisis

2 days ago
TTF-prices
LNG Contracts & Pricing

TTF prices rose to above €40/MWh

1 week ago
LNG-prices
LNG Contracts & Pricing

Review of natural gas and LNG prices

1 week ago
LNG-prices
LNG Contracts & Pricing

Review of natural gas and LNG prices

2 weeks ago
LNG-sabine-pass
LNG Contracts & Pricing

Feedgas flows to Sabine Pass, the largest LNG export plant in the US, down by 33%

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

LNG-supply-wave

LNG liquefaction capacity to increase by a staggering 300 bcm/y by 2030

June 25, 2025
LNG-prices

Review of natural gas and LNG prices

May 28, 2025
LNG-prices

Review of natural gas and LNG prices

June 18, 2025

Recent Post

LNG-prices

Weekly review of natural gas and LNG prices

June 25, 2025
LNG-supply-wave

LNG liquefaction capacity to increase by a staggering 300 bcm/y by 2030

June 25, 2025
Asian-LNG-buyers

Asian LNG buyers are most exposed to Strait of Hormuz crisis

June 24, 2025
TTF-prices

TTF prices rose to above €40/MWh

June 18, 2025
LNG-prices

Review of natural gas and LNG prices

June 18, 2025
LNG-prices

Review of natural gas and LNG prices

June 11, 2025
LNG-HUB-Logo

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

Weekly review of natural gas and LNG prices

LNG liquefaction capacity to increase by a staggering 300 bcm/y by 2030

Asian LNG buyers are most exposed to Strait of Hormuz crisis

Energise your Wednesday!

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

Your subscription could not be saved. Please try again.
Your subscription has been successful.

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

© 2020 GlobalLngHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
No Result
View All Result
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login

© 2020 GlobalLngHub | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.