Intercontinental Exchange reports record open interest in derivatives in May including Dutch TTF trading
Intercontinental Exchange Inc., the leading global provider of energy trading platforms, said that global futures and options markets reached record open interest of over 96 million contracts during May as market players in sectors such as oil, natural gas and LNG launched hedging operations amid volatile prices.
Global LNG prices lose ground on week as EU storage builds but volatility persists amid shipping insecurity
Global liquefied natural gas and spot and future wholesale pipeline gas prices lost some ground over the past week though the market remained volatile as shipping insecurity on Middle East routes was expected to last into 2025.
European Union LNG market report by EU agency for energy regulators says LNG imports may be near peak
The latest European LNG Market Monitoring Report (MMR) has analysed global and European Union market developments and has recommended further actions to improve transparency, competition and flexibility at European LNG terminals.
European natural gas prices rise for second day after Iran attack on Israel as US Gulf Coast cargo values also increase
European natural gas prices and US Gulf Coast last day futures for free-on-board cargoes from Louisiana and Texas increased for a second day after the Iranian drone and missile attacks on Israel brought more uncertainty and volatility into oil and gas markets.
Attacks on Israel by Iran cause limited damage but actions by the parties will hit energy markets, halt Iran nuclear plans
Murban crude oil in Abu Dhabi that usually trades at around $3 a barrel below dated Brent crude was trading at $90 a barrel on April 14 after Iran launched its first ever direct state-on-state attack on Israel using drones and cruise missiles, indicating that oil and gas prices in Europe will rise on Monday April 15, though the increase in Brent price could be limited to under $95 a barrel because of previous factoring in of the ongoing crisis.
UK’s Cameron cargo
March 25 (LNGJ) - The UK is scheduled to receive a US LNG cargo on March 27 as prices remain solid at the end of the winter season at around the equivalent of $8.720 per million British thermal units on the National Balancing Point market. Spot natural gas prices on the European Energy Exchange also rose. The Dutch TTF day-ahead spot price was at the equivalent of $8.740 per MMBtu.
The cargo heading for the UK South Hook terminal in Milford Haven in Wales is onboard the vessel “Lech Kaczynski” with 174,000 cubic metres capacity. The shipment was loaded on March 13 at the Cameron export plant in Louisiana.
European and Asian LNG prices rise for fourth week even as warm weather leads to EU storage builds in south
European and Asian liquefied natural gas cargo pricesincreased for a fourth straight week with the Northern Hemisphere winter gas season ending on a high storage note and as some European Union nations even built their storage this week as demand was mixed in the north and the south.
European LNG prices tumble as Asian and US natural gas values also fall on high storage and mild winter
European prices for LNG tumbled in the past week and Asian cargo prices fell as the winter season wound down with mild weather and a global gas glut that also sent the US Henry Hub spot and futures prices crashing to under $1.60 per million British thermal units.
European LNG prices drop as Asia edges higher even as deliveries to China tumble ahead of Lunar New Year
European liquefied natural gas prices dropped as supplies were ample for the remainder of the winter season while Asian spot cargo prices edged higher even as LNG deliveries to China hit seasonal lows ahead of the Chinese New Year holiday shutdown.
Dutch TTF changes
Jan 15 (LNGJ) – A steady stream of LNG carriers was heading for the Netherlands this week as the Dutch Title Transfer Facility (TTF) benchmark prices showed falling front-month futures being overtaken by the spot price on the European Energy Exchange. The front-month TTF for February was last at the equivalent of $10.130 million British thermal units while the TTF on the day-ahead spot market on January 15 was at $10.273 per MMBtu.
The vessels heading for the Dutch terminals, the Gate facility in Rotterdam and the Eemshaven terminal in Groningen, included the “Maran Gas Ithaca”, according to shipping data. That ship with 170,500 cubic metres capacity was scheduled to deliver a shipment from the Calcasieu Pass plant in Louisiana on January 17 and lifted on December 30, 2023. The “Kool Baltic” with 170,200 of capacity was due to discharge a cargo at Eemshaven on January 18 that was loaded in Trinidad in the Caribbean on January 3. Another vessel heading for the Rotterdam terminal was the “Global Star”, due to berth on January 20. The ship with 173,400 cubic metres capacity loaded its cargo on January 7 at the Sabine Pass plant in Louisiana. Two other ships heading for the Gate terminal with US cargoes are the “Lech Kaczynski” and the “LNG Rosenrot”.
