LNG

Gazprom, the supplier of pipeline natural gas to customers from Western Europe to China as well as the Russian Federation and former Soviet states, said record gross earnings were forecast for 2021 and it was also increasing funds for managing risk in the volatile market.

Intercontinental Exchange, the leading global provider of trading platforms and clearing, posted record activity in September on the Dutch Title Transfer Facility (TTF) European benchmark with 5.5 million natural gas futures and options traded.

Intercontinental Exchange, the US operator of global trading platforms and clearing houses, released its fourth-quarter and full-year 2020 trading volumes showing record usage of products like the Dutch Title Transfer facility (TTF) gas pricing for continental Europe and the Japan-Korea Marker spot LNG cargo price derivative.

European natural gas trading in the day-ahead and month-ahead over-the-counter markets in London soared almost 27 percent in June but at much lower prices compared with the same month in 2018.

RWE, one of Europe’s leading energy companies and utilities based in the German city of Essen, said it had secured “a considerable part” of the capacity from Germany’s first LNG terminal planned for Brunsbuettel on the Elbe River near the port of Hamburg.

Jan 25 (LNGJ) - US natural gas futures on the New York Mercantile Exchange continued to soar because of forecasts of high natural gas withdrawals in the next storage report on January 25 from the US Energy Information Administration as well as the expected return of cold weather to the East Coast. The NYMEX front-month contract was last at $3.48 per million British thermal units while the US Henry Hub benchmark spot price was at $3.33 per MMBtu. European prices were little changed from seasonal averages, with the UK National Balancing Point price being at the equivalent of $6.80 per MMBtu and the Dutch Title Transfer Facility (TTF) price quoted at $6.50 per MMBtu. Energy prices were underpinned by the North Sea Bent crude oil price hitting $71 per barrel.

Fluxys Belgium, operator of the nation’s natural gas transmission network and the Zeebrugge LNG import terminal, and French network operator GRTgaz have launched the first virtual interconnection point in Northwest Europe to enhance natural gas trading opportunities.

The Intercontinental Exchange (ICE), the operator of global pricing and clearing for energy and commodities, has made the ICE Endex European pricing and trading platform a fully-owned subsidiary after acquiring the remaining shares held by Dutch natural gas transmission company Gasunie.