European and Asia LNG prices spike because of concerns about spreading conflict in South Caucasus
European natural gas and LNG prices have spiked because of the ethnic cleansing crisis facing Armenians in the South Caucasus region of the former Soviet Union and the European Union has been urged by French and Dutch politicians and others to end the gas supply agreement with Azerbaijan with the existing and new volumes aimed at southern Europe amid concerns the deal for increased supplies cannot be delivered anyway by 2027.
European and Asian LNG prices drop for third week to be 150 percent higher than a year ago as markets adapt
European and Asian wholesale gas markets and LNG values declined for a third week with the European Union benchmark being one-and-a-half times more than where it was a year ago, five months before the war in Ukraine and when Nord Stream II was still a possibility.
Intercontinental Exchange reports soaring trades in Dutch TFF and Japan-Korea LNG spot cargo futures
The Intercontinental Exchange, the US-based operator of global trading platforms and clearing houses, reported record activity across its markets for European Dutch Title Transfer Facility (TTF) futures and Japan-Korea Marker futures for North Asia spot cargoes.
Norwegian LNG plant at Hammerfest suffers major fire and again halts shipments to European terminals
Equinor, the operator of the Hammerfest LNG export plant on Melkoya Island in Northern Norway, confirmed that the facility had suffered a serious fire on September 28 shortly after re-opening following a previous closure as a safety measure because of a gas leak.
US LNG cargo cancellations seen at 130 shipments through July and August amid slow price recovery
About 130 cargo loadings have been cancelled at US LNG export plants since April 2020, including 40 liftings that would have been scheduled for July and the same number for August.
European gas drops again
May 21 (LNG) - The next two UK LNG deliveries are on May 23 and May 27 to the South Hook import terminal in Milford Haven The first cargo will be discharged from the 216,000 cubic metres capacity Q-Flex “Tembek” and the second from the 266,00 cubic metres capacity carrier “Al Dafna”. European natural gas prices have again fallen with the UK National Balancing Point at its lowest level of the year at the equivalent of $1.35 per million British thermal units. The Continental European benchmark, the Dutch Title Transfer Facility price, was also down to the equivalent of $1.45 per MMBtu.
North Sea Brent and US WTI crude oil prices drop again with LNG values in their wake
Oil prices dropped again as concerns grew about limited capacity to store crude and other products, while LNG and spot natural gas prices were weak on continued over-supply on expectations of a slow global economic recovery.
LNG cargoes for Europe
Jan 2 (LNGJ) – LNG cargoes were pointing at European terminals in the week ahead even amid lower prices, with the UK National Balancing Point (NBP) at the equivalent of $4.15 per million British thermal units and the Dutch Title Transfer Facility (TTF) price at the equivalent of $3.95 per MMBtu. The “Ribera del Duero Knutsen” was unloading a cargo at the UK Isle of Grain terminal near London from the US Sabine Pass plant in Louisiana. The 210,000 cubic metres capacity Q-Flex vessel “Al Nuaman” was scheduled to unload a Qatargas shipment on January 2 at the Turkish Marmara Ereglisito terminal for Botas.
The 137,230 cubic metres capacity carrier “LNG Sokoto” will deliver a shipment on January 3 to the Portuguese terminal at Sines from the Bonny Island plant in Nigeria. The 138,000 cubic metres capacity “Fuwairit” will unload a Qatargas cargo on January 4 at the Cartagena terminal in southeast Spain. The 140,000 cubic metres capacity vessel “Arctic Voyager” will deliver a cargo on January 7 to Baltic port of Klaipeda in Lithuania from the Hammerfest plant in Norway operated by Equinor. The 172,000 cubic metres capacity carrier “Eduard Toll” will deliver a Yamal LNG cargo on January 8 to the Montoir-de-Bretagne terminal in Western France for the terminal operator Elengy.
Intercontinental Exchange posts records for LNG benchmarks Dutch TTF and Asian JKM
Intercontinental Exchange, the leading operator of global exchanges and clearing houses and energy and natural gas pricing and derivatives, said the Dutch Title Transfer Facility, the main Continental European natural gas benchmark, and the Asian Japan-Korea Marker price for LNG had achieved new trading volume highs.
Dutch natural gas price strengthens volumes lead over UK as both have seasonal declines
The Dutch Title Transfer Facility natural gas price has strengthened its position as the main continental European day-ahead and month-ahead gas trading instrument, widening its lead over the UK National Balancing Point benchmark, though both prices suffered seasonal declines.
