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

Natural gas prices squeeze to a 14 year high

Editor by Editor
8 months ago
Reading Time: 1 min read
natural gas prices
Share on FacebookShare on TwitterShare on Linkedin

This morning, natural gas prices continued the massive rally we have seen all of July.

RELATED POSTS

LNG-prices

Weekly trend of natural gas and LNG prices – March 20

1 week ago
LNG-prices

Weekly trend of natural gas and LNG prices – March 13

2 weeks ago
Europe’s exposure to the global gas market set to rise drastically

Europe’s exposure to the global gas market set to rise drastically

2 weeks ago

Gas prices squeezed to $9.75/MMBtu, a new 14 year high. This price run up from the settle of $8.73 broke through the previous high of $9.66 that came June 8th.

Prices have since pulled back after breaking through the high and have consolidated around $9.08. The fundamentals over the last couple of weeks suggested higher prices due to the excessive heat for July and low storage injections as a result, however, day over day fundamental changes were not the cause of this run up.

The price action seen today is largely because of the volatility seen at contract prompt month rollover. During August’s time as the prompt month, higher than normal volatility has been observed and this volatility has started to influence the September contract’s volatility as well. There is still upward price risk, but the bull’s time may be running short.

A similar market dynamic in 2007 and the first half of 2008 caused commodity prices to rise dramatically in all markets, especially natural gas.

Unprecedented oil and coal prices, tight gas supply, recessionary fears, heightened demand in new markets, and unseasonable weather conditions were amongst the factors of the strong upward price movement.

During this time, high prices did little to hamper demand, with gas demand growing 6.5% in 2007 and continuing another 4% in early 2008 on the back of a cold winter. These market dynamics have strong parallels to the elevated price action we are seeing this month, with tight supply and a continued storage deficit, the hottest forecasted seasonal temperatures on record, and heightened demand from both domestic and European markets.

Source: Gelber and Associates

Tags: Gelber and AssociatesHenry Hub pricesnatural gas prices
Editor

Editor

Related Posts

LNG-prices
LNG Contracts & Pricing

Weekly trend of natural gas and LNG prices – March 20

1 week ago
LNG-prices
LNG Contracts & Pricing

Weekly trend of natural gas and LNG prices – March 13

2 weeks ago
Europe’s exposure to the global gas market set to rise drastically
Infrastructure

Europe’s exposure to the global gas market set to rise drastically

2 weeks ago
LNG-prices
LNG Contracts & Pricing

Weekly trend of natural gas and LNG prices – March 6

3 weeks ago
European-LNG-demand
LNG Contracts & Pricing

European LNG demand stalls as Chinese appetite fades

3 weeks ago
Natural gas price benchmarks – February
LNG Contracts & Pricing

Natural gas price benchmarks – February

4 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-prices

Weekly trend of natural gas and LNG prices – February 27

March 1, 2023
Europe’s exposure to the global gas market set to rise drastically

Europe’s exposure to the global gas market set to rise drastically

March 14, 2023
Natural gas price benchmarks – February

Natural gas price benchmarks – February

March 3, 2023

Recent Post

LNG-prices

Weekly trend of natural gas and LNG prices – March 20

March 22, 2023
LNG-prices

Weekly trend of natural gas and LNG prices – March 13

March 16, 2023
Europe’s exposure to the global gas market set to rise drastically

Europe’s exposure to the global gas market set to rise drastically

March 14, 2023
LNG-prices

Weekly trend of natural gas and LNG prices – March 6

March 8, 2023
LNG-spot

Australian LNG: Government takes over East Coast market?

March 8, 2023
French-LNG-terminals

Send out by French LNG terminals down due to strike action

March 8, 2023

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 trend of natural gas and LNG prices – March 20

Weekly trend of natural gas and LNG prices – March 13

Europe’s exposure to the global gas market set to rise drastically

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?

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?