Natural Gas News – April 5, 2022
Natural Gas News – April 5, 2022
Natural Gas Prices Could Stabilize Soon
The energy sector has retreated markedly from its highs in the first days of March but remains a hot topic for markets. Europe’s gas market survived several bouts of fear that it would be without Russian gas. However, we only saw a fourfold increase in value in the first half of the month, followed by stabilization at high, but not extreme, levels. At the beginning of the last week of March, gas prices were supported by a fall to EUR 1000 per thousand cubic metres compared to a peak of EUR 3400. Natural gas spot price. Natural gas spot price. This price dynamic clearly showed that the markets did not price for a gas disaster. The current gas payment scheme looks like a nice political compromise. Europe is paying for gas in euros and dollars (as negotiated), and Russia is getting roubles for gas (as it wanted). The n… For more info go to https://bit.ly/3NRiP5N
Europe’s appetite for U.S. gas fast-tracks two new…
Two U.S. liquefied natural gas (LNG) projects took major steps toward launching this week as Russia’s threats to cut energy supplies to Europe drives up demand and prices for the super-chilled fuel. Developers Sempra Energy (SRE.N) and New Fortress Energy Inc (NFE.O) advanced agreements on separate projects, one of which could be producing LNG within 12 months. These plants typically require long-term contracts for about 85% of output to kick off, and take years to complete. But growing demand among customers, especially in Europe, was behind New Fortress Energy’s decision to invest its own money to build a 2.8 million tonne per annum (MTPA) plant off the coast of Louisiana. “There was already a significant supply-demand imbalance for natural gas in the world,” said Wes Edens, chief exec… For more info go to https://reut.rs/36S6IVs
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