Netherlands will not meet winter storage target, Gasunie warns
Gasunie has warned the Netherlands will not meet its 115 TWh gas storage target for this winter. Storage is currently just 44-45% full, the lowest since 2009, as utilities shy away from buying LNG at current high prices.
TTF front-month nears record high as Europe’s storage refill lags
With risks to ship LNG cargoes through the Strait of Hormuz likely to persist into the upcoming winter, Argus’ TTF front-month price assessment was last seen not far off €64/MWh, its highest level since January 2023.
Marmara LNG capacity rises 63%
Turkey has started expanding its Marmara Ereğlisi LNG import terminal with construction of a fourth storage tank, state operator BOTAŞ said. The new 160,000-cubic-meter tank will lift total LNG storage capacity to 415,000 cubic meters from 255,000 cubic meters. Works began on July 7, with addition of the fourth storage tank set to increase the terminal’s total capacity by about 63%, once in operation around 2029.
LNG Canada gives First Nations option to buy Phase 2 tank
Five First Nations can invest up to C$1 billion to own an LNG storage tank – as part of the LNG Canada’s Phase 2 expansion – and lease it back to the terminal developer for the operational life of the project. The tank would have a capacity of 225,000 cubic metres and would be built in Kitimat, BC, with an investment decision on Phase 2 targeted by the end of 2026.
Egypt rushes for LNG as summer power demand tops 40 GW
Egypt is seeking to import more LNG as electricity demand this summer is forecast to rise 8% above last year’s peak of 40 Gigawatt. Regasification capacity has been maximised, while the Damietta LNG export terminal gets used to store cargoes for emergency use.
Europe struggles to attract LNG to refill storages
As Asian netbacks for delivered LNG cargoes outbid European prices, buyers are struggling to attract sufficient volumes to offset a looming storage shortfall. An additional 40 cargoes per month would be needed over the next five months, according to ICIS calculations, though economists doubt this is achievable.
Pakistan leans on local fuel sources to mitigate LNG supply risk
Pakistan’s diverse domestic energy mix – nuclear, coal and hydropower – is cushioning the country from the global energy price shock following Qatar’s suspension of LNG exports. With nearly three-quarters of its electricity now generated from local sources, Pakistan managed to mitigate the immediate fallout of halt in its contracted long-term LNG deliveries from QatarEnergies.
European gas prices soar beyond $500 on LNG cost spike
European gas prices have risen above $500 per thousand cubic meters (mcm) reflecting a rise in Henry Hub prices driven by a sharp increase in US LNG exports and cold winter weather.
Strong US gas storage build-out provides flexibility for LNG exports
Midstream operators in the US have announced fresh investment in gas storage capacity to provide flexibility as the LNG build-out progresses into 2026. Enbrige just took FID on new storage facilities in Texas and Louisiana while Energy Transfer started to build a cavern storage at Bethel.
Favourable arbitrage makes more US LNG head to Europe
US LNG exports are forecast to rise to 2.43 million metric tons per week heading into late 2025 and early 2026, driven by demand recovery and below-average gas storage in Europe. American shippers exported a record 9.4 million metric tons of LNG in September, with two-thirds of the cargoes sold to Europe as the arbitrage window stays open.
