Blog
The European gas market has been shaped by LNG flows across the last 2 years. In Q2 2020, a huge surplus of cargos due to the Covid induced demand shock, drove a TTF price plunge below 2 €/MWh. Less than 9 months later in Jan 2021, an acute shortage of LNG in Asia saw all […]
Texas is bouncing back: gas production and LNG feedgas flows are swiftly recovering after last week’s big freeze. In term of production, the Permian is leading the way, with most recent estimates indicating that gas output increased by over 5 bcf/d from its lows of last week when Permian deliveries fell close to ô 2 […]
This month has witnessed, among other things, lower TTF prices as compared to other major European hubs for the first time since July 2020. What is standing behind it? On the one hand, it is the increase in gas supply to the TTF market area. Along with more volumes coming from the Dutch fields amid […]
Prices weakened yesterday in most European gas markets, still pressured by above-normal temperatures whose impact exceeded that of supply volatility. Moreover, the drop in EUA prices (which reduced parity prices with coal for power generation) provided additional downward pressure. On the pipeline supply side, Norwegian flows rebounded yesterday, averaging 318 mm cm/day, compared to 304 […]
The Open Season for additional regasification capacity at the Zeebrugge LNG terminal has successfully been closed. During the binding window of the Open Season, the full 6 million tonnes per year (or c. 10.5 GWh/h) capacity on offer has been subscribed. As a result, Fluxys LNG has taken the final investment decision to build the […]
In January 2021, the Gas TSO of Ukraine (GTSOU) transported 0,44 billion cubic meters of gas from Europe to Ukraine, including through a backhaul – 0,40 (92%). Re-export of gas from Ukraine to Europe during this period amounted to 0,24 billion cubic meters, transit through the Ukrainian GTS to Europe amounted to 3,86 billion cubic […]
The big freeze: The polar vortex squeezed the US gas market, driving regional hub prices to triple digit, record highs by the end of last week. The Arctic Blast hit primarily the Western and Midcon markets, with OGT in Oklahoma seen intraday prices trading at $600/mmbtu, an all time record. In the Permian, Waha climbed […]
Each new month shows how globalized natgas market really is and how changing fundamentals in one region affect the others. In January, when LNG prices in the Asian region reached record highs, it was buyers in the East that set the tone for the global gas market. LNG price rise was certainly not the only […]
Week 15th-21st February: Milder weather for the rest of the week. Temperatures will continue to rise over Europe, and all that snow and ice will start to melt. Above normal temperatures will lead to flooding. Week 22nd-28th February: The week will start with above normal values in Europe. We expect a possible low across UK, […]