MARKET VIEW

US Gas Rally Pales Next to Europe, Asia Turbulence

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
ss375084181-gas-storage
Mike Mareen/Shutterstock

Even as US natural gas prices hit decade highs, global prices got even crazier last week as Europe and Asia continue their pitched cage match to fill depleted inventories in advance of winter. European benchmarks in the UK and particularly the Dutch TTF soared to an astounding $33 per million Btu as they tried to outbid Asia, which itself saw a record LNG price above $34/MMBtu last week.

Topics:
Gas Inventories, Gas-Fired Electricity, Gas Prices, Gas Spot Markets
Wanda Ad #2 (article footer)
#
State regulators have not identified what led to the highest-ever gas prices during February 2021's Winter Storm Uri, raising red flags about the upcoming winter.
Fri, Sep 29, 2023
Developers, financers and other stakeholders are stressing the importance of long-awaited guidance from the US Treasury on landmark hydrogen tax incentives.
Tue, Oct 3, 2023
The November Nymex US gas futures contract failed to breach the $3 per million Btu mark last week despite supportive weather and supply fundamentals.
Tue, Oct 3, 2023