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Natural Gas Prices Swing as Traders Track Variables Across Globe - LNG Recap
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Natural Gas Prices Far Higher Than Expected In Global Markets
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Global natural gas prices moved higher Tuesday, recovering losses late last week as a warmer shift in forecasts was seen lifting demand in places like the United States and Asia.
In Europe, where colder spring weather has been driving abnormal heating demand for this time of year, temperatures are heating up. Natural gas prices on the continent surged in the middle of last week, mainly on news that Russia did not book additional pipeline capacity through Ukraine this month. While warmer forecasts dragged benchmarks like the UK’s National Balancing Point and the Dutch Title Transfer Facility down late last week, other market forces helped recoup those losses Tuesday.
Why gas is not just hot air
May 30, 2021
Title: The Next Stop: Natural Gas and India’s Journey to a Clean Energy Future
Edited by: Vikram Singh Mehta
Publisher: Harper Collins
Price: ₹637
Title: The Next Stop: Natural Gas and India’s Journey to a Clean Energy Future
Edited by: Vikram Singh Mehta
Publisher: Harper Collins
Price: ₹637×
When forty experts with deep insights into their domains join hands to produce something, you may bet on the value of the outcome.
The Next Stop: Natural Gas and India’s Journey to a Clean Energy Future, a book on natural gas in India, is one such effort.
European and Asian natural gas prices are recovering from last week’s losses as supply concerns and strong buying have spurred gains so far this week.
In Europe on Tuesday near-curve prices closed higher for both the Title Transfer Facility and National Balancing Point contracts through August.
Russian gas giant
Gazprom PJSC reportedly did not take part in an auction to book additional capacity for moving natural gas through the Ukranian transmission system to Europe, which would have added supplies to the market and sped up restocking efforts on the continent. While the company has booked additional capacity this year, it was the second month in a row that it did not participate. Gazprom has a deal with Ukraine that currently requires it to move 40 billion cubic meters of gas annually through Ukraine.
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