Thursday, May 19 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Gas News
Today's News
Yesterday's News
Week of May 16
Week of May 09
Week of May 02
Week of Apr 25
Week of Apr 18
By Topic
By News Partner
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Gas News > News Article

    Share by Email E-mail Printer Friendly Print

    Gas prices drop amid LNG boost and mild winter


    January 20, 2022 - NICHOLAS EARL

     

      GAS PRICES slumped yesterday, despite seemingly favourable geopolitical trends such as increased tensions between Russia and Ukraine, delays in the Nord Stream 2 pipeline, and eastward flows on the key Yamal-Europe pipeline for the 30th day in a row.

      Nevertheless, UK natural gas prices are down nearly five per cent, with futures trading for March and April reporting near six per cent drops.

      Meanwhile, Dutch futures on the TTF benchmark are also down around five per cent, with similar drops for futures this spring.

      Saxo Bank's head of commodity strategy Ole Hansen attributed the drop in prices to three factors: fading supply disruptions in Norway, milder weather forecasts reducing demand, and the highest arrivals of LNG into the market since November 2019.

      This has bolstered formerly flagging supplies, heightened by problems at the pumps in Russia.

      It is not the first time LNG supplies have bailed out Europe's supply crisis following worries of potential blackouts.

      While power shortages have been reported in Moldova and Kosovo, larger economies avoided an energy crunch at Christmas after a flotilla of tankers arrived from the US - dropping prices from record levels.

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.