European LNG and pipeline prices fall for mid-Summer as storage builds and cargo deliveries slow down
European LNG and wholesale natural gas day-head andfutures prices declined over the past week as mid-Summer arrived and storage began to swing towards peak levels while cargo deliveries slowed to Chinese and European regasification terminals.
European Energy Exchange and Nasdaq power trading unit still await merger clearance from EU Commission
European Commission competition regulators are still seeking responses from market players one year after the European Energy Exchange (EEX) announced plans to buy the European power trading and clearing business of the Nasdaq global exchange.
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.
EU emissions trading system that has raised over €57Bln is said to be working and is being extended to shipping
The European Union said the emissions trading system (ETS) followed by power utilities, oil and gas companies, industry and aviation has helped reduce carbon-dioxide pollution by a record 15.5 percent in 2023 compared with the previous year.
LNG cargo prices maintain their upward trend and defy market gravity of high gas storage and warmer weather
Global liquefied natural gas cargo prices from North Asia to the European Union continued their upward trend for a fifth week, defying the record storage levels at the end of the winter season amid market concerns about possible energy policy or geopolitical threats that could undermine sentiment in the months ahead.
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.
Asian and European LNG prices increase for third week propelled by geopolitical and energy policy concerns
Asian liquefied natural gas prices and European cargo values increased for a third week as the Northern Hemisphere winter gas season is set to close with high storage yet to be tested for a second year by adverse weather while crude oil hit a four-month high on negative supply forecasts.
European and Asian LNG prices rebound as cooler weather and energy policy uncertainties offset high global storage
European and Asian liquefied natural gas prices rebounded from three-year lows as cooler weather and the return of government energy policy uncertainties offset high global storage levels and concerns over trade route insecurity.
European and Asian LNG prices yet to reach floor as cargo futures drop amid continued high EU storage levels
European and Asian liquefied natural gas prices fell again with no sign yet of the floor as cargo futures values also dropped from the US Gulf Coast to India and North Asia amid continued high European Union gas storage levels and flat global demand.
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.
