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European gas prices recorded hefty losses on Monday amid warmer weather and an improved supply outlook. The Front-month UK NBP price fell by 6.1% to close at the equivalent of USD 7.73/MMBtu. The Dutch TTF recorded a loss of 6.5% to close at the equivalent of USD 7.17/MMBtu. US natural gas benchmark Henry Hub ended […]
The global gas wheel keeps turning on: despite falling gas demand trading on TTF jumped by 20% in 2020, breaking the 4000 bcm mark for the first time ever. Growth has been almost entirely driven by exchanges, accounting now for 40% of volumes traded on TTF compared to 6% back in 2013 when TTF was […]
It is unlikely that the charts below can surprise anyone familiar with the matter, but they largely explain the current market environment. A combination of powerful factors emerging in Q4 ’20 has resulted in Asia’s complete dominance over alternative directions of LNG spot supply this year. The first half of January witnessed a further widening […]
(19 January) European gas prices fell for a fourth straight day on Monday, amid expectations of milder weather and increasing renewable power generation. Front-month UK NBP and Dutch TTF closed 7.7% and 6% lower respectively. The losses saw NBP return to the USD 7/MMBtu range for the first time since 7 January, with TTF returning […]
The green hydrogen will be one of the protagonists in the decarbonisation of the economy and it will be key in the energy storage and in the substitution of the fossil fuels. Its production is expected to introduce a floor in the electricity markets prices and also to avoid the curtailments of renewable energy. If […]
Although 2021 is just gaining momentum, natgas market has already set a number of records. Platts JKM price achieved $32.49/MMBtu for the first time ever on 12 January, while a few days earlier, LNG shipping has hit a new high with one of the vessels having been chartered at $350k a day. European gas market […]
The big storage draw: European storage withdrawals more than doubled yoy this heating season, meeting ~30% of European gas demand since December (vs 17% last year). This has been largely driven by the plummeting LNG influx (down by 40% yoy), as flexible LNG flows have been increasingly diverted from Europe to northeast Asia, with the […]
European gas prices are jumping! The ICIS TTF benchmark February ’21 market was trading at around $10/MMBtu on Tuesday afternoon, up by over 20% from Monday. The market is on course to reach the highest prices since 2013 – and will go higher if more LNG is needed. Source: Ed Cox Follow on Twitter: [tfws […]
Henry Hub Day change: $0.047, up 1.7% | Settle: $2.747 | February 2021 TTF Day change: $0.652, up 9.0% | Settle: $7.886 | February 2021 JKM Day change: $2.450, up 14.2% | Settle: $19.700 | February 2021 BHI (Baker Hughes Index) U.S. natural gas rig count: up net 1 for the week ending Jan 8th, […]