Articles tagged Asia

A rally in global natural gas prices cooled as traders eye the latest signs of volatility on the Russian-Ukrainian border, but searing heat and a possible spike in Asian demand are still lurking.

European natural gas prices declined on Monday, ending a charge higher last week that left the Title Transfer Facility (TTF) to close at its highest level since December.

Global natural gas prices fell on Monday amid broader panic across global financial markets over concerns the U.S. economy is slowing.

Hot weather, maintenance at power generation facilities and LNG production outages have combined to push Asian natural gas prices higher.

Global natural gas prices were stable Monday as the market weighed easing supply constraints against forecasts for hotter weather in parts of the northern hemisphere and continued geopolitical tensions.

Global natural gas prices continued to climb on Monday amid hotter weather, supply constraints and increasing competition among buyers. 

TotalEnergies SE said Friday that its LNG sales decreased in the first quarter mainly due to lower demand in Europe and an unplanned outage at the Freeport export terminal on the upper Texas coast. 

Asian LNG buyers continue to snap up cheap cargoes as a mild winter in Europe has left storage inventories there high and more vessels are diverting to the region. But as spot prices move higher, buying activity is already slowing. 

Asia is attracting more LNG cargoes as spot prices remain low and Europe enters the injection season with a plump storage cushion.

Russia’s Gazprom PJSC will reportedly increase its ownership of Sakhalin 2 LNG project, placing more of the country’s export capacity under state-owned company’s control as sanctions continue to pressure its oil and pipeline gas revenues.