APA's strong natural gas demand helps it beat third-quarter profit expectations
The oil and gas company APA surpassed Wall Street's expectations for the third quarter profit on Wednesday as strong natural gas demand helped offset weaker production of crude oil. The average natural gas price jumped by 26% compared to the previous year to $3.25 for a million British thermal units in the third quarter.
Germans have pointed out a wind shortage, while the French are down on demand.
The European power market was mixed on Thursday. French day-ahead deliveries fell due to a drop in demand before the weekend, while Germany's comparable contract rose because of tighter wind supplies. LSEG's analysis revealed that Germany would be an importer despite a nearly halving in wind generation on the Friday. However, its thermal capacity is increasing.
EU pools companies' requests to buy more non Russian gas
In the coming weeks the European Union will begin pooling the demand for gas from European companies, said its energy commissioner, as it attempts to accelerate its efforts to phase-out Russian energy. The EU is currently negotiating proposals that would ban all Russian gas and oil imports by the end of January 2028.
EUROPE GAS-European gas prices stable near key technical support
Dutch and British gas contract prices were mostly firmer Tuesday. This was despite the fact that there are mild weather forecasts, and a steady supply of LNG and gas via pipeline. LSEG data shows that the benchmark Dutch front-month contract was up 0.29 euro at 31.55 Euro per megawatt hour at TTF hub, or $10.74/mmBtu by 0940 GMT.
IEA predicts record LNG demand to lower prices and spur demand
The International Energy Agency announced on Monday that a record amount of liquefied gas production capacity will be coming online by 2030. This is expected to change the dynamics of the gas market, strengthening global supply and easing pressures. In its "Gas 2025", medium-term outlook, the IEA stated that by 2030, 300 billion cubic meters per year of LNG will be exported.
China drives global underground gas storage growth, International Gas Union says
In a report published on Monday, the International Gas Union said that China would lead global underground storage expansion by 2025. It will add 6 billion cubic meters (bcm), or working gas volume, to increase its total capacity to 19,8 bcm. The world's underground gas storage capacity has increased by 10 billion cubic meters since 2022.
U.S. natural-gas sector deals will surge in 2025 due to AI and LNG demand from Asia
Analysts say that U.S. Natural Gas dealmaking is expected to increase in 2025, due to the record demand for power from AI data centres, increased LNG exports, and renewed Asian investments. According to the U.S. Energy Information Administration, data centers will be responsible for a surge in electricity demand that is unprecedented this year.
EQT beats quarterly profit estimates on strong natural gas prices, sales volumes
The U.S. energy company EQT Corp. beat Wall Street expectations for the third-quarter profits on Tuesday. This was due to higher natural gas prices as well as sales volumes. Following the results, shares of the company increased by 1.9% on extended trading. According to the Energy Information Administration’s Short-Term Energy Outlook…
US Natural Gas Hits High Amidst Cooler Outlook
U.S. natural gas futures hit a two-week high on Tuesday, underpinned by sharply colder 1–2 week forecasts that are lifting heating demand expectations, a month-to-date dip in output and strong LNG feedgas demand.Front-month gas futures for November delivery on the New York Mercantile Exchange rose 4.7 cents, or 1.4%, to $3.44 per million British thermal units (mmBtu) as of 10:09 a.m.
EUROPE GAS - Prices edge lower due to strong LNG supply and high wind output
Dutch and British wholesale prices of gas fell on Thursday morning due to a strong supply, with several liquefied gas cargoes headed for Europe. Also, the strong wind output lowered gas demand at gas power plants. LSEG data shows that the benchmark Dutch front-month contract was 32.22 euros per Megawatt Hour (MWh), or $10.96/mmBtu at 0810 GMT. This is a decrease of 0.78 Euro.
Grid operators claim that the UK's winter energy is secure, despite lower gas margins.
In their winter outlooks, the electricity and gas grid operators in Britain expect that there will be enough energy this winter despite tighter margins for gas due to declining production at home. National Gas and Britain's National Energy System Operator publish annual reports on the supply and demand of gas and electricity…
US Natural Gas Prices Rise as LNG Exports Increase
U.S. natural gas futures climbed about 2% on Monday on near-record flows to liquefied natural gas (LNG) export plants and forecasts for more demand this week than previously expected.Front-month gas futures for November delivery on the New York Mercantile Exchange (NYMEX) rose 6.7 cents, or 2.0%, to $3.391 per million British thermal units (mmBtu) at 8:42 a.m.
EUROPE GAS - Prices rise after Ukraine attacks on gas infrastructure and colder forecasts
Dutch and British gas rates rose on Monday morning, as colder weather forecasts increased demand for heating. Worries over Russian attacks against Ukrainian gas production may also have contributed to the increase. LSEG data shows that the benchmark Dutch front-month contract was 32.70 euros per Megawatt Hour (MWh) or $11.19/mmBtu at 0935 GMT. This is an increase of 1.32 euros.
EUROPE GAS-European Gas Prices Firm as Weather and LNG Strikes Offset Rising Norwegian Supply
The Dutch and British gas price rose slightly on Friday, but they remain within the recent range. This is because the end of maintenance season in Norway has increased supply while strikes in France have curtailed LNG deliveries. LSEG data shows that the benchmark Dutch front-month contract was 32.70 euros per Megawatt Hour (MWh) or $11.20/mmBtu at 0844 GMT. This is an increase of 0.30 euros.
The price of gas in Europe remains volatile despite the increase in Norwegian production
The Dutch and British wholesale prices of gas moved slightly upwards on Thursday morning, as the temperatures are expected to drop in the next few days. Norwegian exports also increased following an unplanned maintenance. LSEG data shows that the benchmark Dutch front-month contract was up 0.42 to 32.42 euros/megawatt hour or $11.14/mmBtu at 0918 GMT.
NGSA: US natgas production to reach record levels this winter
According to the Natural Gas Supply Association’s Winter Outlook 2025-2026, U.S. Natural Gas production will reach record levels this winter. This will help meet domestic demand and a growing liquefied gas export market. This winter, the U.S. Natural Gas Market faces a balance act: increasing supply versus growing demand.
EUROPE GAS - European prices flatten as market searches for impetus
Dutch and British gas rates traded sideways on Monday morning in the absence news that would have influenced either direction. However, cooler weather with less wind is expected to support prices. LSEG data shows that the benchmark Dutch front-month contract was 32.31 euros per Megawatt Hour (MWh) or $11.14/mmBtu at 0834 GMT. This is a 0.03 euro increase.
EUROPE GAS - European prices remain stable as traders evaluate sanctions talks and Norway outages
The European gas price was largely unchanged on Friday morning, despite the fact that a new package of sanctions from the European Commission against Russia is expected and there are still long-term gas shortages in Norway. LSEG data shows that the benchmark Dutch front-month contract was 32.58 euros per Megawatt Hour (MWh) or $11.28/mmBtu at 0806 GMT. This is a 0.25 euro decrease.
EUROPE GAS-European Gas Prices Fall on Stable Supply and Low Demand
Dutch and British wholesale prices of gas ticked down on Monday morning due to a steady supply and mild weather with windy conditions that limited demand. However, fresh sanctions related to Russia remain a downside risk. LSEG data shows that the benchmark Dutch front-month contract was 32.19 euros per Megawatt Hour (MWh) or $11.07/mmBtu at 0843 GMT. This is a decrease of 0.46 Euro.
GASTECH-China-Russia pipeline plans do not affect Asian demand for US LNG, according to Venture Global CEO
According to Michael Sabel of Venture Global LNG (the second largest U.S. LNG exporter), recent gas agreements between China, Russia and other countries are unlikely to affect Asian demand for U.S. LNG. China, which is the largest LNG importer in the world, signed agreements on September 2 for a boost of gas supply via the existing Power of Siberia pipe and to build Power of Siberia 2.