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Free ReadIntercontinental Exchange, the leading global provider of energy trading platforms for futures and options, reported a record number of Dutch Title Transfer Facility (TFF) gas futures and options traded during May 2023 as the market tries to manage natural gas price risk exposure. A record 5.7 million TTF futures and…
The United States forecasts an increase in natural gas prices for the summer months of 2023 due to inventories narrowing the surplus to the five-year storage average, though would be much lower than last year’s price of almost $8.00 per million British thermal units in some quarters.
Swiss company Burckhardt Compression, a specialist provider of LNG sector equipment and energy industry technology, has increased annual profits and sales to record levels as the order intake surged to the equivalent of US$1.4 billion from rising demand to meet the energy transition.
Enagás, the Spanish gas grid and terminals operator, is set to begin the second phase of the capacity allocation process, or open season, after interest expressed by 16 trading companies for Spain’s El Musel liquefied natural gas re-loading facility in northern Spain set aside for the European Union.
Free ReadEuropean maritime classification society DNV said seven liquefied natural gas-powered ships were ordered in May and added that there could be a coming shortage of LNG bunkering ships as Northwest European bunkering prices continued to ease leading to market growth in the Dutch port of Rotterdam and elsewhere. DNV’s Alternative…
South Korean liquefied natural gas imports are forecast to reach at least 45 million tonnes in 2023 as more demand emerges from the power generation sector from Asian nations in general and spot cargo prices start to decline.
Free ReadQatarEnergy has celebrated a South Korean steel-cutting of the first of its new generation of chartered liquefied natural gas carriers that will transport output from two LNG expansions and with most of the newbuilds booked for shipyards in South Korea. QatarEnergy said it was joined by Samsung Heavy Industries and…