Into the Maelstrom – LNG and European Natural Gas Outlook for the Year End

The European and British natural gas futures fell back as winter brought snow to much of Europe this week. UK Gas closed at GBp/thm 86.0600 up +4.25% for the week after closing down -13.98%, -10.83% and -7.90% the prior weeks, and down -28.21% monthly. Dutch TTF futures closed around €34.17 per megawatt-hour, up +2.97% for the week after losing -14.01%, -11.26% and -6.78% the prior weeks, and down -27.03% monthly. For perspective European prices are still down more than 80% … Continue reading “Into the Maelstrom – LNG and European Natural Gas Outlook for the Year End”

Into the Maelstrom – LNG and European Natural Gas Outlook for the Week Ahead

The European and British natural gas futures continued to lurch lower this week. UK Gas closed at GBp/thm 83.5300 down -13.98% for the week after losing -10.83% and -7.90% the prior weeks, and down -27.66% monthly. Dutch TTF futures closed around €33.19 per megawatt-hour, down -14.01% for the week after losing -11.26% and -6.78% the prior weeks, and down -27.61% monthly. For perspective European prices are still down more than 80% from all-time highs in August last year. Europe NG … Continue reading “Into the Maelstrom – LNG and European Natural Gas Outlook for the Week Ahead”

Into the Maelstrom – LNG and European Natural Gas Outlook for the Week Ahead

The European and British natural gas futures drifted lower this week after rising strongly over the month. UK Gas closed at GBp/thm 122.62 down -2.51% for the week, up 27.80% for the past month after rising 19.78% for September. Dutch TTF futures closed around €48.06 per megawatt-hour, falling -4.90% for the week, up 25.02% for the past month after rising 16.30% in September. Europe NG storage is at 99.5% of capacity. That is +12.2% vs 5yr average according to data … Continue reading “Into the Maelstrom – LNG and European Natural Gas Outlook for the Week Ahead”

Into the Maelstrom – LNG and European Natural Gas Outlook for the Week Ahead

The European and British natural gas futures consolidated at higher levels this week. UK Gas closed at GBp/thm 127.45 up 1.00% for the week, up 27.01% for October after rising 19.78% for September. Dutch TTF futures closed around €50.53 per megawatt-hour, falling -1.13% for the week, up 27.17% for October after rising 16.30% in September. Europe NG storage is at 98.82% of capacity. That is +11.4% vs 5yr average according to data from Gas Infrastructure Europe and the highest ever … Continue reading “Into the Maelstrom – LNG and European Natural Gas Outlook for the Week Ahead”

Into the Maelstrom – LNG and European Natural Gas Outlook for the Week Ahead

The European and British natural gas futures rose for the third week in a row this week. UK Gas closed at GBp/thm 107.57 up 5.30%% for the week, after jumping 7.19% Friday and rising 19.78% for September. Dutch TTF futures closed around €41.86 per megawatt-hour, rising 5.20% for the week, after jumping 5.34% Friday and rising 16.30% for September. Europe NG storage is at 95.3% of capacity. That is +11.7% vs 5yr average according to data from Gas Infrastructure Europe … Continue reading “Into the Maelstrom – LNG and European Natural Gas Outlook for the Week Ahead”

Into the Maelstrom – LNG and European Natural Gas Outlook for the Week Ahead

The European and British natural gas futures both rose again this week. UK Gas closed at GBp/thm 102.80 up 11.57% for the week. Dutch TTF futures closed around €39.65 per megawatt-hour, rising 9.49% for the week with Europe NG storage is at 94.4% of capacity. That is +12.5% vs 5yr avg according to data from Gas Infrastructure Europe and the highest ever for this time of year and well ahead of the European Union’s Nov. 1 goal. Germany, Italy, Spain … Continue reading “Into the Maelstrom – LNG and European Natural Gas Outlook for the Week Ahead”

Into the Maelstrom – LNG and European Natural Gas Outlook for the Week Ahead

The European and British natural gas futures both rose again this week. UK Gas closed at GBp/thm 92.18 up 8.63% for the week. Dutch TTF futures closed around €36.48 per megawatt-hour, rising 5.72% for the week with EU natural gas reserves at 93.9% of capacity. That is +13.9% vs 5yr avg according to data from Gas Infrastructure Europe and the highest ever for this time of year and well ahead of the European Union’s Nov. 1 goal. Germany, Italy, Spain … Continue reading “Into the Maelstrom – LNG and European Natural Gas Outlook for the Week Ahead”

Into the Maelstrom – LNG and European Natural Gas Outlook for the Week Ahead

The European and British natural gas both rose again after last week’s pull back after three weeks of rising. UK Gas closed at GBp/thm 90.21 up 4.11% for the week. Dutch TTF futures closed around €35.62 per megawatt-hour, rising 2.42% for the week with EU natural gas reserves at 92.8% of capacity. That is +17.0% vs 5yr avg according to data from Gas Infrastructure Europe and the highest ever for this time of year and well ahead of the European … Continue reading “Into the Maelstrom – LNG and European Natural Gas Outlook for the Week Ahead”

Into the Maelstrom – LNG and European Natural Gas Outlook for the Week Ahead

The European and British natural gas pulled back after three weeks of rising. UK Gas closed at GBp/thm 88.1000 up 9.69% Friday but still down -3.07% for the week. Dutch TTF futures closed around €34.78 per megawatt-hour, rising 8.89% Friday but down -4.49% for the week with EU natural gas reserves over 90% full, the highest ever for this time of year and well ahead of the European Union’s Nov. 1 goal. Germany, Italy, Spain and the Netherlands all exceeded … Continue reading “Into the Maelstrom – LNG and European Natural Gas Outlook for the Week Ahead”

Into the Maelstrom – LNG and European Natural Gas Outlook for the Week Ahead

The European and British natural gas rebound continued this week with their biggest weekly gain since June. TTF closed last week at €35.30, a gain of 22.34% for the week. UK gas prices also closed higher at 91.00 GBp/thm to close the week up 24.78%. LNG futures traded higher with the US HH benchmark. TTF futures briefly topped €40 a megawatt-hour Wednesday after possible disruptions to the LNG supply pipeline in Australia. For perspective they are still down more than … Continue reading “Into the Maelstrom – LNG and European Natural Gas Outlook for the Week Ahead”