Canada's New LNG Exports Have Yet to Lift Gas Prices
Last month's start-up of LNG Canada, the country's first large-scale liquefied natural gas export facility, has failed to lift Western Canadian natural gas prices as quickly as some market participants and observers expected, due to a persistent…
EUROPE GAS-Dutch gas prices and British gas rates range-bound due to strong supply and warm weather
Due to a strong supply of gas and a warm weather forecast, Dutch and British wholesale prices for gas were slightly higher on Thursday morning. LSEG data shows that the benchmark Dutch front-month contract for the TTF hub rose 0.72 euros to 35.10…
Gas prices in the Netherlands and Britain are stable with warmer weather forecast
The Dutch and British wholesale prices of gas traded within a narrow range Wednesday morning, amid the expectation of warmer weather conditions and stable supplies. LSEG data shows that the benchmark Dutch front-month contract was up 0.07 euros to 34.65 Euro per megawatt hour or $11.92/mmBtu at 0818 GMT.
Germany reduces its gas security alert as supply bottlenecks ease
Katherina Reiche, Germany's Economy Minister, said that the German government had lowered its gas supply security grade to an early warning level from alarm as supply bottlenecks have eased. Berlin declared alert in June 2022 after Russia's invasion.
EU agrees on loosening gas storage regulations
After concerns were raised that the EU's earlier rules regarding filling gas storage could have led to an increase in energy prices, the EU member states and the EU parliament reached agreement on a loosening of the EU's regulations on filling. The European Commission announced the agreement on Tuesday.
Schedule of US Energy Data for the week ending June 15,
The release of major energy data scheduled for the week ending June 15 will be affected by the Juneteenth federal holiday, which falls on Thursday June 19. The schedule below shows the weekly release of the U.S. Petroleum, Oil and Natural Gas Supply and Inventory.
Prices of EUROPE GAS firm due to higher demand, French nuclear concerns and hot weather
The Dutch and British wholesale gas price rose on Wednesday morning. This was due to the rising electricity prices in France, increased cooling demand and Europe's need for gas storage sites. LSEG data shows that the benchmark Dutch front-month…
Analyst: Ukraine's gas reserves are more than 7 billion cubic meters, according to analysts
ExPro, an analyst, said that gas reserves in Ukrainian storage sites exceeded 7 billion cubic meters (bcm), but remain at their lowest level for the past 11 years. After Russian missiles damaged the production facilities to the east of Ukraine,…
Prices fall due to Trump China comments
Dutch and British wholesale gasoline prices dropped on Friday after being rangebound earlier that day. This was prompted by new concerns about a U.S. - China trade war, and the falling price of oil. The benchmark Dutch front month contract at TTF…
Schedule for US Energy Data in the week of May 25
The Memorial Day federal holidays on May 26 and May 26th will impact the release schedule for some major energy data that is scheduled to be released during the week of May 25. The schedule below shows the weekly release of the U.S. Petroleum, Oil and Natural Gas Supply and Inventory.
Prices of gas in Europe are on the rise as temperatures increase.
The Dutch and British wholesale prices of gas were not much different on Friday morning, as the warmer temperatures reduced demand while supply from Norway increased. LSEG data shows that the benchmark Dutch front-month contract was 36.08 euros per Megawatt Hour (MWh), or $11.99/mmBtu at 0800 GMT.
Prices for European gas are down from a six-week peak as Norwegian supplies rise
The wholesale gas prices in the Netherlands and Britain fell on Thursday after reaching their highest levels in over six weeks on Tuesday, when Norwegian supplies rose again after maintenance. By 0858 GMT, the benchmark Dutch front-month contract had fallen 0.05 euros to 37.00 euros per Megawatt Hour.
IGU: Europe and Asia will compete for LNG cargoes before summer
The International Gas Union stated on Thursday that the competition for liquefied gas will increase this year as Europe continues to rely on the chilled fuel following the cessation of Russian gas supplies via Ukraine, and Asian buyers continue to seek cargoes in order to meet cooling requirements.
EUROPE GAS - Prices rise due to colder weather and maintenance in Norway
Dutch and British wholesale prices of gas rose slightly Monday morning but continued to trade within a narrow range. This was due to a forecast for cooler weather and a lower Norwegian flow to continental Europe because of maintenance at the Kollsnes processing plant.
Equinor's executive states that Europe needs to compete on prices for gas refilling.
A senior Equinor executive said that Europe might need to continue offering attractive prices in order to secure the additional 30 billion cubic meters (bcm), of liquefied gas (LNG), needed to replenish their storage levels. Equinor estimated that…
Increased US Natural Gas Storage Capacity in 2024
The U.S. Energy Information Administration said that underground natural gas storage capacity will increase in 2024 in the Lower 48 States, according to a report published late on Wednesday. The agency uses two metrics for assessing working gas…
The EU Parliament supports the relaxation of gas storage regulations
The European Parliament voted Thursday to loosen the EU's regulations on gas storage. It agreed with member states who were concerned that the targets could lead to an increase in energy prices. In 2022, the EU introduced its gas storage regulations…
The price of gas in Europe is rising due to cooler weather and competition from Asia
Dutch and British wholesale prices for gas rose early on Friday, amid forecasts that demand would increase as temperatures cool and to stay competitive with Asian buyers of LNG. According to LSEG, the benchmark Dutch front-month contracts was up 0.70 euros at 32.80 Euro per Megawatt Hour (MWh)…
Maguire: US LNG exports reach new heights due to strong European demand
The U.S. has exported more than 20% of its LNG this year compared to the same period last year, primarily due to purchases from European nations. These countries accounted for three-quarters of all U.S. orders. According to Kpler (a trade intelligence firm), the total U.S.
Maguire: US LNG exports reach new heights due to strong European demand
The U.S. has exported more than 20% of its LNG this year compared to the same period last year, mainly due to purchases from European nations. These countries accounted for three-quarters of all U.S. orders. According to Kpler (a trade intelligence firm), the total U.S.
