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Dec 6, 2024 | 
spglobal.com | Roudy Dirani |Aly Blakeway
Spain has continued to import from France and withdraw from storage to meet higher power sector demand for gas in the first week of December as strong premiums on the UK's NBP draw available LNG cargoes to that market. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Dec 5, 2024 | 
spglobal.com | Aly Blakeway |Roudy Dirani |Thomas Seth
Imports of LNG into the West and East Mediterranean regions reached a nine-month high in November, according to data from S&P Global Commodity Insights. Spain and Turkey led this increase, driven by seasonal factors and lower renewables. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Nov 19, 2024 | 
spglobal.com | Roudy Dirani |Lena Dias Martins |Andreas G. Franke
Europe is set to burn less gas for power generation this winter despite strong gains in early November due to low wind power, S&P Global Commodity Insights analysts said Nov. 19. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. The region's five biggest power markets are forecast to see a 6% year-over-year decline in generation from combined cycle gas plants versus last winter (October 2023 to March 2024).
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Nov 19, 2024 | 
spglobal.com | Sakshi Jalan |Roudy Dirani |Clio Ho
The UK is set to receive its highest LNG volumes since February as it becomes the preferred destination for diverted LNG cargoes due to slot availability. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. According to S&P Global Commodity Insights data, the country has imported 424,000 mt of LNG in November so far and should receive around 291,000 mt more.
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Nov 13, 2024 | 
spglobal.com | Roudy Dirani |Aly Blakeway
Premiums for calendar year 2025 gas and LNG contracts versus 2026 contracts and beyond have shot up in the week since the US presidential election, with Donald Trump's victory seemingly injecting more volatility into a market already weighing stronger near-term demand signals, supply security concerns and delays to new liquefaction capacity, against expectations of a "looser balance" in 2026 when those projects do start to come online. Not registered?
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Nov 5, 2024 | 
spglobal.com | Nikita Pravilshchikov |Roudy Dirani |Thomas Seth |Aly Blakeway |Sakshi Jalan
Energy markets across the globe saw strength from uncertainty around the US presidential election Nov. 5, with gas and LNG markets seeing support US voters headed to the polls. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Platts last assessed the Dutch TTF month-ahead contract at Eur40.325/MWh Nov. 4, a rise of 3.84% compared with Nov. 1.
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Oct 30, 2024 | 
spglobal.com | Thomas Seth |Sakshi Jalan |Roudy Dirani
Dutch TTF natural gas futures saw combined long and short positions exceed 3 billion lots by Oct. 25, driven by increased activity from investment funds amid shifting market dynamics and geopolitical tensions. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Total long and short positions held for Dutch TTF natural gas futures rose further over the week ending Oct.
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Oct 24, 2024 | 
spglobal.com | Roudy Dirani |Thomas Seth |Nikita Pravilshchikov
European natural gas storage auction prices for 2025 capacity point to potential supply risks over coming months that continue to provide support to season-ahead contract prices, tightening the next summer-winter spread significantly. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. France's Storengy, the country's largest storage operator with a technical capacity of 95.4 TWh, saw a clearing price in its Oct.
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Oct 10, 2024 | 
spglobal.com | Roudy Dirani |Thomas Seth |Aly Blakeway |Sakshi Jalan |Nikita Pravilshchikov
Natural gas prices for the UK NBP month-ahead contract have climbed to a robust premium versus Europe's benchmark, the Dutch TTF hub, as market participants eye higher temperature-related winter demand and a need to secure LNG cargoes in a competitive market. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Platts, part of S&P Global Commodity Insights, assessed the UK NBP November contract at Eur39.32/MWh (or 96.44 pence/therm) on Oct.
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Sep 20, 2024 | 
spglobal.com | Aly Blakeway |Clio Ho |Roudy Dirani |Sakshi Jalan
Algeria's LNG exports have seen a sudden increase, as pipeline maintenance from the country saw the supply hub begin to offer Free-On-Board LNG cargoes to make up for reduced gas flows, according to traders and data from S&P Global Commodity Insights. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. As of Sept. 20, Algeria has exported 700,000 metric tons, or 13 cargoes, of LNG this month, according to Commodity Insights data.
