LNG

Intercontinental Exchange Inc. (ICE) reported another trading surge on natural gas and LNG futures and options with very high liquidity and including record open interest in the US benchmark Henry Hub.

Intercontinental Exchange, the leading global provider of energy trading platforms for futures and options, has announced a record third-quarter for the European benchmark Dutch Title Transfer Facility (TTF) with a record 18.7 million TTF futures and options traded.

European and North Asian liquefied natural gas cargo and wholesale gas futures prices declined for the winter season and were flat through September as regional gas storage hit record levels exactly a year after European Union prices soared over $62 per MMBtu when Russian pipeline gas supplies were severely disrupted.

Intercontinental Exchange Inc., the leading global provider of energy trading platforms for West Texas Intermediate (WTI) crude oil to European and Asian LNG and natural gas futures and options, has reported record activity in the ICE Midland WTI contract this month with participants using the contract to deliver physical Midland WTI barrels into Dated Brent and the rest of the Brent complex.

Asian liquefied natural gas spot prices dropped as cargo liftings increased while the European Union wholesale gas benchmark declined for a fourth week to just over $10 per million British thermal units exactly one year after hitting more than $50 per MMBtu.

European natural gas prices and LNG values were mixed as the winter season ended and there was a mixed bag of prices for the Northern Hemisphere summer while European Union gas storage was building already apart from in France while the front-month Asian spot price declined even amid more China optimism.

Deliveries of liquefied natural gas cargoes increased to Europe this week while the differential between the benchmark European Union LNG price and spot cargoes for Asia narrowed because of seasonally milder weather and high storage across the EU.

Asian spot liquefied natural gas cargo values adjusted to the front-month futures moving to December as Chinese demand was seen returning and European wholesale prices continued to be quoted at higher levels to Asia in the supply windows through to March 2023.

July 18 (LNGJ) - The 216,200 cubic metres capacity Qatari Q-Flex vessel “Al Gharrafa” is scheduled to discharge a cargo on July 24 at the South Hook LNG import terminal at Milford Haven in Wales, according to the port authorities.

   The shipment was lifted on July 7 from the Ras Laffan plant in the Arabian Gulf. The cargo is heading for the UK as the National Balancing Point market price for LNG and wholesale natural gas was last at around the equivalent of $28.20 per million British thermal units.

The UK Isle of Grain LNG import terminal, located on the Medway River southeast of London in the county of Kent, intends to launch an Open Season to market capacity that will become available in the near future amid record usage and expansion plans.