Higher Natural Gas Prices Seen This Winter in Europe as Geopolitical Complications Mount
European natural gas prices have strengthened over the summer amid heightened geopolitical tensions, and the trend could continue through the coming months.
European natural gas prices have strengthened over the summer amid heightened geopolitical tensions, and the trend could continue through the coming months.
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.
Summer heat in the northern hemisphere and growing LNG demand could be kickstarting a mid-year price hike in global natural gas benchmarks.
As national elections roll on and a new European Union (EU) presidency grasps the reins, industrial natural gas users are pushing for more supplies of the fuel and energy policies in the face of declining LNG imports.
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.
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.