Natural gas prices rose sharply in Asia and Europe last week amid tightening LNG supplies, colder weather forecasts and geopolitical tensions in the Middle East. JKM and TTF climbed on winter supply concerns, while Henry Hub declined as mild U.S. weather weakened heating demand expectations. Asia – JKM The Northeast Read more
Natural gas prices increased across Asia, Europe and the United States last week, supported by geopolitical tensions in the Middle East, colder European weather and U.S. supply disruptions. JKM and TTF climbed amid renewed LNG supply concerns, while Henry Hub gained on stronger heating demand and hurricane-related production outages. Asia Read more
TTF gas prices surged to their highest since Dec22, with the European benchmark closing yesterday at just over €87/MWh ($27.3/mmbtu). After a short-lived bearish turn, TTF prices rose by almost 20% since the end of September. Several, short-term factors are contributing to this strong increase: (1) Colder weather forecasts for Read more
‘K’ Line has announced that the LNG bunkering vessel, Kaguya, has achieved a cumulative total of 200th safe ship-to-ship LNG bunkering operations in Mikawa Bay, Japan.
Europe’s gas infrastructure is entering the winter with sufficient flexibility to meet demand under a range of conditions, meaning the margin for manoeuvre will be tighter this winter, says Gas Infrastructure Europe.
Singapore LNG has marked the start of construction works for its third jetty at the SLNG Terminal on Jurong Island.
Golar LNG Ltd has agreed to acquire the LNG carrier, Grace Dahlia, from NYK Line for the conversion into Golar’s fourth FLNG.
AMPO POYAM VALVES has been awarded a contract to supply highly engineered cryogenic ball valves for the Ruwais LNG project in the Middle East.
Seatrium Lltd has secured an FSRU conversion contract with an option for a second contract from Excelerate Energy, Inc.
PowerLNG has announced the execution of a 30-year lease with two 10-year extensions with the Galveston Wharves for the development of a 400 000 gal./d LNG production and marine fuelling facility.