Daily review of natural gas prices – Henry Hub, JKM, TTF – and key market events
Gas Prices at the hubs:
Day change: $0.156, up 6.4% | Settle: $2.602 | February 2021
Day change: $0.496, down 6.4% | Settle: $7.173 | February 2021
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.
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