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European gas prices soar as Qatar halts LNG production

European gas prices soar as Qatar halts LNG production QatarEnergy set to declare force majeure, details on EU Commission meeting and price graphic in related content Analysts warn prolonged disruption could push prices higher EU's gas coordination group to meet on Wednesday Benchmark Dutch and British wholesale gas prices soared by almost 50% on Monday, after major liquefied natural gas (LNG...

Forecasts for record warmth pressure US gas prices to 14-year low

By CHRISTINE BUURMABloomberg Record warmth sent US natural gas prices tumbling to a 14-year low, as December appeared to be a bust for bulls. Gas slumped as the latest forecasts showed temperatures.... Natural gas prices are collapsing as mild weather dims the prospect of erasing a stockpile surplus... as prices decline, government data show. Production will rise 6.3% to 79.58 billion cubic feet a day...

Asian spot LNG prices slip as demand stays weak

MILAN (Reuters) -- Asian spot LNG prices fell this week on poor demand from major gas-consuming... and the United States. Analysts and traders mainly blamed low demand for driving prices lower... only sold one while holding back the rest because of low prices, two traders said. Cargoes loading... its latest production line. The US Federal Regulatory Commission granted Cheniere's application...

Lower LNG prices trigger surge in Asian spot market purchases

after prices have fallen to the lowest level in nearly three years. The price-led demand revival could... supplies and ultimately lifting prices. Spot LNG imports by Asian buyers increased by nearly a third... Insights, when spot Asian prices LNG-AS averaged $9.82 per million British thermal units (mmBtu). This is up from 125 in the same period of 2023, when prices averaged $18.75/mmBtu. Thailand's Gulf Energy...

EIA: Australian domestic natgas prices increase as LNG exports rise

and southeastern Australia and an increase in domestic natural gas prices. Courtesy of EIA... prices at several hubs in eastern and southeastern Australia have more than doubled. Briefly in mid-2016 and again in early 2017, Australia’s domestic natural gas prices exceeded Australian LNG export prices to Japan, Australia’s largest destination for LNG exports, when domestic natural gas shortages...

El Niño pushes real U.S. gas prices to multi-decade low

(Reuters) - Inflation-adjusted U.S. gas prices have fallen to the lowest level for over 30 years... with previous strong El Niño episodes. TOO MUCH GAS Ultra-low futures prices are sending... in September 2022 - a delayed response to the fall in prices after they spiked following Russia’s invasion... to 3,178 bcf in November 2023 (the latest month for which data is available) which was 111 bcf (+4...

Europe's unusually low gas stocks set to underpin prices

European gas storage levels are lower than usual for the time of year and will need to be topped up significantly in the coming months, providing support to wholesale gas prices. Storage sites... of this year, based on the latest Gas Infrastructure Europe data. “Continental storage went from being... week that it is bullish on European gas prices as low stock levels at the end of winter meant...

Prospect of strong El Niño weighs on U.S. gas prices

be a strong rather than a weak one. In its latest outlook, published on August 28, the U.S. Climate... and observable impact on weather patterns, lowering gas consumption and prices. A strong El Niño... and prices depends critically on the strength of the episode that is currently developing. Winter is still... depressing energy consumption and prices. The rapid development of a strong El Niño helps explain why...

LNG industry rebounds in 2021 amid supply constraints and volatile prices

The global trade in LNG increased 6% to 380 MMt during 2021 as many countries rebounded from the economic impact of the COVID-19 pandemic, according to Shell’s latest annual LNG outlook. Rising LNG demand, combined with supply constraints, caused gas and LNG prices to remain volatile throughout the year. Prices reached record levels in October 2021 as Europe, with historically low storage levels...

Falling gas prices threaten Russia’s role as supplier to Europe

Prices UK gas prices, a European benchmark, will average 44.5 pence/therm ($6.69/MMBtu) this year... in London. Lower oil prices will start to fully feed into Russia’s long-term gas contracts as early... consumer. A drop in Asian prices will help reverse the decline in deliveries to Europe, the European Commission, the EU’s executive arm, said in its latest quarterly report on gas markets. Northeast Asian...

Japan: An unlikely new champion for coal?

and responsible approach to economy, society and environment. However, Japan’s latest Basic Energy... to a balanced energy roadmap for Japan, with a fuel mix that included around 20% from nuclear, 26% from coal... four days and three days of strategic-level commercial content, the opportunities for leading gas... to more than 2,500 executive delegates and many thousands more visitors and exhibitors alike! Visit...

Study: Replacing Russian gas would be expensive for EU

By ANNA SHIRYAEVSKAYA and MAREK STRZELECKIBloomberg Europe’s natural gas prices would have... to the challenges of decreasing the region’s dependence on its neighbor. Benchmark UK prices would need to rise 128... level since July 2012. Prices would need to rise as high as 120 pence a therm ($19.93/MMBtu) to attract... market would pit the region against Asia, where prices were on average about 30% higher last year. Japan...

U.S. natgas prices jump 4% on colder forecasts, lower output

after gas prices collapsed to a 3-1/2-year low in February. Front-month gas futures <NGc1>... lowest since Feb. 27. Prices fell as low as $1.511 per mmBtu on Feb. 27, their lowest since June 2020... gas stockpiles were around 40% above normal levels. [EIA/GAS][NGAS/POLL] Those low prices were... Information Administration's (EIA) latest outlook. Output was already down by around 4% over the past month...

U.S. natgas prices ease 1% to three-week low on mild forecasts

% last week. Energy traders said futures prices gained support earlier in the week from a continued drop in U.S. output after gas prices collapsed to a 3-1/2-year low in February. Prices fell as low... normal levels. [EIA/GAS][NGAS/POLL] Those low prices were expected to boost U.S. gas use to a record... demand for the fuel, according to the U.S. Energy Information Administration's (EIA) latest outlook...

U.S. natgas prices rise 8% on larger-than-expected storage withdrawal

to come through, so that might help the market," he added. Prices fell as low as $1.511 per mmBtu... for this time of year. Those low prices will boost U.S. gas use to a record high in 2024, but cause gas..., according to the U.S. Energy Information Administration's (EIA) latest outlook. Financial firm... Natural Gas Next-Day Prices ($ per mmBtu)           Hub Current Day Prior Day       Henry...