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 supply glut and the gradual pace of the facility's ramp-up.Shell-led Canada shipped its first cargo of 70…
The price of gas in Europe is rising on a slight increase in demand
The Dutch and British wholesale prices of gas rose slightly on Tuesday morning, due to a slight increase in demand. However, the supply remains stable. They continue to trade within a narrow range. According to LSEG, the benchmark Dutch contract for August deliveries at TTF hub increased by 0.09 euros to 33.20 Euro per megawatt-hour (MWh) as of 0911 GMT.
The price of gas in Europe has fallen from its 11-week peak, but Middle East concerns remain dominant
The Dutch and British wholesale prices of gas largely eased Friday morning, after reaching new 11-week-highs on Thursday. However, they remain volatile due to the possibility of an escalation of the Israel-Iran dispute and possible U.S. participation. LSEG data shows that the benchmark Dutch front-month contract for the TTF hub fell 0.23 euros to 40.05 Euro per megawatt hour by 849 GMT.
Petronas CEO: Company is planning to import LNG within 4-5 years
The chief executive of Malaysian state-owned energy company Petroliam Nasional said that the firm is preparing to face a scenario where the country, which is currently a major LNG exporter in the world, begins to import super-chilled fuel. Tengku Muhammad Taufik, the Chief Executive of Petronas, said that they plan to import LNG within four to five year.
US Natural Gas Prices Fall 6% in Volatile Contract Expiration Trade
U.S. natural gas futures fell about 6% on Wednesday to a one-week low in volatile contract expiration trade, pressured by an expected decline in gas flows to liquefied natural gas (LNG) export plants.Traders said Freeport LNG in Texas might reduce output and they pointed to forecasts for less demand this week than previously expected.On its last day as the front-month…
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. The British contract for the month of June fell 0.43 pence, to 89.02 p/therm.
Vopak is confident that it can advance Australia LNG import terminal following state overhaul of laws
After laws passed to alleviate supply shortages, Dutch tank storage company Vopak stated on Wednesday that it is confident of advancing the proposed liquefied gas import terminal (LNG) in Victoria, Australia’s largest gas-consuming State. The Victorian Energy Terminal proposed by Vopak in Port Phillip Bay, is one of four across southeast states that could meet the domestic gas demand.
WGC-Woodside CEO: WGC-Woodside anticipates global gas consumption to increase by 50% between now and 2030
Meg O'Neill, CEO of Woodside Energy Australia, said that the company expects global gas consumption to grow by 50% between now and 2030. O'Neill stated at the World Gas Conference that "the message is very consistent and clear" regarding the need for reliable, affordable energy in nations who are on the road to net zero. Gas is a major part of this mix.
Cornwall Insight reports that Britain's energy cap will fall by 7% in July.
Analysts at Cornwall Insight predicted that Britain's energy price cap would fall by 7% this July, due to lower wholesale prices. The government would welcome a drop in energy prices, as it is under pressure to keep its promise to reduce household costs. However, analysts predicted a larger fall, of 9%, last month.
The price of EUROPE Gas is rising on the back of cooler temperatures in advance of Russia-Ukraine discussions
The Dutch and British gas price rose slightly on Thursday morning, as demand increased due to the cooler temperatures and market anticipation of news about Ukraine-Russian peace talks. LSEG data shows that the benchmark Dutch front-month contract rose 0.46 euros to 35.21 Euro per megawatt hour or $11.55/mmBtu at 0818 GMT. The Dutch July contract increased by 0.43 euros to 35.33 Euro/MWh.
TurkStream gas pipeline may slow down EU-Russia decoupling
May 7 - While the European Commission has announced a revised plan to wean Europe off Russian energy completely by 2027, some parts of Europe have taken the opposite approach. The TurkStream pipeline is not only still operating, but has expanded its gas supply. Since the beginning of the conflict in Ukraine, Russian gas exports have dropped dramatically.
MPLX reports Q1 profits rise on higher volume, but expects minimal tariff impact
MPLX, a U.S. midstream firm, reported on Tuesday a quarterly profit increase aided by higher volumes and transport rates. It also said that it expected minimal impact of tariffs on its operation. Maryann Mannen, CEO of MPLX, said that tariffs have a minimal impact at this point. The U.S. Energy Sector is bracing itself…
Prices for gas in Europe hit a 1-week high due to tight supply and EU's Russian Gas Ban Plans
The Dutch and British wholesale prices of gas rose by more than 6% Tuesday, reaching their highest level in over a week. Unplanned outages as well as European plans to phase-out Russian gas supplies boosted sentiment. According to LSEG, the benchmark Dutch front-month contract rose by 2.18 euros or 6.7% at 1257 GMT and reached its highest intraday value since April 28.
Gas stocks in Europe could be more stressed this summer due to less hydro and wind.
The wind speed and lower hydropower stock in Northwest Europe could increase demand for gas-fired and coal-fired electricity generation this summer, at a moment when Europe needs to replenish storage that has been depleted following the winter. LSEG data revealed that hydro levels and snowpack are now well below the average levels in continental Europe.
Prices of gas in Europe remain stable as the market searches for new inputs
The Dutch and British wholesale prices of gas were volatile on Friday due to a lack fundamental news and a sufficient supply. According to LSEG, the benchmark Dutch front-month contracted eased 0.20 euros to 33.45 euro per megawatt hour. The June contract rose 0.30 euro to 33.63 euro/MWh at 0859 GMT. The British day-ahead contract is down 0.81 pence to 81.00 pence per therm.
Gas prices in Europe are rising on the back of lower renewable energy forecasts
The Dutch and British wholesale gas price increased on Thursday morning, as temperatures and renewables are expected to drop at the weekend and the quieter trade before Easter. LSEG data show that the benchmark Dutch front-month contract rose by 0.24 euros to 35.66 euro per megawatt hour. The June contract increased by 0.26 euros to 35.86 euro/MWh.
As U.S. Tariffs take effect, the prices of gas in Europe will fall in line with those on other markets.
The Dutch and British gas price fell on Wednesday in line with the wider sell-offs of equity and commodities markets, as U.S. "reciprocal" tariffs took effect, which has raised fears about a recession. LSEG data shows that the benchmark Dutch front-month contract fell by 1.07 euros, to 34.55 Euros per megawatt hour or $11.11/mmBtu at 0832 GMT.
Lithuanian official: EU could aggregate the demand for US gas in trade negotiations
As part of the negotiations with President Donald Trump, Lithuania's Energy Minister said on Tuesday that the European Union might consider aggregating their member countries' demands to buy U.S. Liquefied Natural Gas in an effort to avoid a trade conflict. Maros SEFCIOVIC, EU Trade Commissioner, said that LNG could…
EUROPE GAS-Global trade fears fuel market volatility
Dutch and British gas rates recovered some of their earlier losses, after increasing on Monday. However, they then fell back down again as fears about a global war leading to a weaker demand for energy fuelled volatility. LSEG data shows that the benchmark Dutch front-month contract fell 0.55 euros, or $11.55/mmBtu to 35.90 Euros per megawatt hour.
Front-year contracts are under pressure from falling gas and carbon prices
German and French power contracts for the year ahead traded lower on Monday as a result of losses in gas and carbon permits. The German power contract for 2025 has fallen by 1.9%, to 81.40 Euros ($89.41). Meanwhile the French baseload contract for 2025 has contracted by 1%, to 60.90 Euros/MWh. Dutch and British gas rates fell on Friday morning…
