Hub Prices & Market Commentary – January 25

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: $0.156, up 6.4% | Settle: $2.602 | February 2021

TTF
Day change: $0.496, down 6.4% | Settle: $7.173 | February 2021

JKM
Day change: $0.245, down 4.2% | Settle: $8.610 | March 2021

Baker Hughes: gas rigs +3 to 88 rigs last week, with Haynesville, Utica and Barnett adding 1 rig each.

From the Lone Star State to the Stars: Elon Musk’s SpaceX plans to drill for natural gas near its Boca Chica rocket launchpad in Brownsville, TX.

As noted in previous Commentaries, rockets use cyrogenic methane (LNG) as a fuel component, so we shouldn’t be surprised to see Texas’ latest California transplant embracing freedom gas.

A Russian pipelaying vessel resumed work on Nord Stream 2 in Danish waters.

Meanwhile, EU lawmakers called for a halt of the project in response to the arrest of Kremlin critic Alexei Navalny.

BP announced that has started supplying regasified LNG directly to end users in China via a fully integrated gas value chain in the company.

Source: Tellurian

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