Global Markets

Price Drivers

An Asian hub will take at least 10 years – IEA

Developing a gas trading hub in Asia would bring prices closer to regional supply and demand fundamentals. But this will take time, says Anne-Sophie Corbeau, senior gas analyst at the International Energy Agency.

24 January 2014
Price Drivers

Low nuclear power outages limit gains in Henry Hub futures

CME/NYMEX-traded Henry Hub front-month futures averaged around $4.3/MMBtu last week, which was also the average for December 2013 and January 2014

21 January 2014
Price Drivers

No immediate price impact from Groningen production cut

Mild weather conditions across Europe remained the main factor affecting prices last week, pushing them down overall.

20 January 2014
Price Drivers

Respite from the cold weather to be short-lived

Weather remains the predominant factor affecting gas prices in North America. The CME/NYMEX-traded Henry Hub front-month futures declined by almost 7% – to $4/MMBtu – between 6 and 9 January as the impact of the severe cold front, called the Arctic Vortex, dissipated.

14 January 2014
Price Drivers

Warmer-than-expected weather reins in European price gains

Gas prices at the UK’s NBP ended last week around half a penny higher than the week before, at 66.65 p/th. With mild weather forecast for the next few days, the price outlook for this week remains bearish, provided there are no significant supply glitches.

13 January 2014
Price Drivers

The Arctic Vortex boosts US regional gas prices

Gas prices in the United States reached their highest levels in more than a decade this week as a severe cold weather front – called the Arctic Vortex – hit the US northeast and Midwest.

7 January 2014
Price Drivers

Drop in Norwegian flows lifts NBP day-ahead

As 2013 ended with mild temperatures, 2014 saw the bearish trend at European gas markets continue.

6 January 2014
Price Drivers

EC proposal is Pandora’s box for pricing

A new EC proposal on benchmarks is important – it seeks to regulate oil and gas price assessments widely referenced in physical gas supply contracts.

17 December 2013
Price Drivers

Southeast Asia’s growing gas markets – at what pace?

The gas markets of Thailand, Vietnam and the Philippines are set to grow, but the extent to which LNG imports develop will depend on the pace of pricing reforms

17 December 2013
Price Drivers

Speculative buying boosts Henry hub

Gas prices at the Henry Hub in Louisiana cleared the $4/MMBtu hurdle in early December.

17 December 2013
Market Trading

A bitter winter in store for Europe?

With relatively low levels of gas in store, Europe will be at risk of supply shortages if winter is especially cold.

22 October 2013
Contributed

China – a bigger role for gas ahead

Global Gas Analytics interviews Lu Huaibin, president and founder of Chinese energy consultancy firm 3E, on his views on current trends and the future of China’s gas market.

22 October 2013
Fundamentals

Indonesia – no imports in the short term

The Indonesian government faces the challenge of balancing growing domestic demand and LNG exports. However, imports are not expected to be required before 2020.

22 October 2013
Fundamentals

UK vulnerable to winter price spikes

With gas stocks still not fully replenished, Europe faces a tight winter. The UK is among the most vulnerable to price spikes.

22 October 2013
Price Drivers

Taiwan’s LNG import prices fall in July

The average cost of Taiwan’s LNG imports dropped in July to the lowest level since December 2012. This followed a jump in cost, volume and average price in June.

11 October 2013
Price Drivers

Canadian storage portrays growing discrepancy

A growing discrepancy in the gas storage capacity between the east and west consuming regions of Canada, could result in severe supply constraints in parts of the country and the neighbouring United States.

4 October 2013
Price Drivers

Renewables advance on gas in Chile, but coal’s the winner

Persistent declines in domestic gas production and growing demand for energy in the country have made Chile reliant on imported LNG among other fossil fuels.

20 September 2013
Price Drivers

European gas storage – still more storage left to fill

For leading markets in Northern Europe, the gap to be filled ahead of winter remains larger than in previous years.

2 August 2013
Price Drivers

Gazprom prices into Europe set to fall in 2013

The average price of Russian gas sold into Europe will be lower in 2013 than in 2012.

7 June 2013
Contributed

Oil indexation in European gas: Quo Vadis?

The European gas contracting space is undergoing a transformation, says Ashutosh Shastri, founder of EnerStrat Consulting.

23 April 2013

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