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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 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 28, 2024 | 
spglobal.com | Aly Blakeway |Thomas Seth
East Mediterranean LNG prices have sunk lower against European gas and LNG weak demand in the prompt coupled with weaker shipping market helped to dampen premiums, sources said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Platts, part of S&P Global Commodity Insights, assessed the DES East Mediterranean marker for December at $13.728/MMBtu on Oct. 25, up 38.2 cents/MMBtu.
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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 24, 2024 | 
spglobal.com | Aly Blakeway |Nikita Pravilshchikov |Thomas Seth
Russian gas supply to Asia has continued to grow with expectations that it would increase further as Europe diversifies its energy mix away from Russian pipeline supply, however, Russia-Europe LNG exports have climbed to record highs this year so far, S&P Global Commodity Insights data showed. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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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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Oct 9, 2024 | 
spglobal.com | Aly Blakeway |Thomas Seth |Clio Ho
After spells of bearish signals pressuring net-long positions in the European natural gas futures markets, hedge funds have been increasing their net-long position, according to Intercontinental Exchange data, with traders expecting this to add to the looming bullish signals this winter. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Sep 11, 2024 | 
spglobal.com | Thomas Seth |Aly Blakeway
The growing influence of hedge funds in the European natural gas and LNG markets has pressured market prices increasingly over the last year, with values sinking as the market now sees a shift in patterns ahead of winter. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. In a recent report on European competitiveness published Sept.
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Aug 27, 2024 | 
spglobal.com | Sakshi Jalan |Thomas Seth
The Palu LNG ship is headed to Greece to meet an increased gas demand for power as low renewables in the region pushed for spot LNG purchase. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. The ship, which loaded at Sabine Pass Aug. 9, according to S&P Global Commodities at Sea, unloaded a partial cargo at Cartagena (Spain) Aug. 24 and is now heading to Greece's Revithoussa terminal. The ship is expected to reach Greece on Aug.
