Why natural gas prices are set to go higher

Winter temperatures below seasonal norms in the northern hemisphere have created a rally in natural gas prices from Asia to Europe.    The spot liquefied natural gas (LNG) prices in north Asia jumped to record highs last week, while the key price marker in Europe, the Dutch Title Transfer Facility (TTF), rallied to the highest in more than two years. 

The natural gas markets at the start of 2021 look completely different from the beginning of last year, when milder weather and the pandemic hit to demand had dragged natural gas prices down to historic lows. 

Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

More articles like this

Natural gas price resumes the rise

Natural gas price succeeded to surpass 3.210 barrier recently, to resume its bullish rally caused by its consolidation within the bullish channel that appears on the chart. Also, stochastic attempt to crawl towards the overbought areas will increase

Natural gas futures rally

Rising cooling demand expectations in recent weather model runs had natural gas futures rebounding sharply in early trading Tuesday. The July Nymex contract was up 9.2 cents to $3.162/MMBtu at around 8:50 a.m. After settling 2.7 cents lower

The role of natural gas within the energy transition

Energy is essential to quality of life for billions of people. It lights, heats and cools homes and businesses. It transports and connects people, goods and services. It goes hand-in-hand with economic activity, enabling opportunities for a growing

Natural gas futures rebound likely near-term

CME Group’s advanced figures for Natural Gas futures markets noted open interest extended the choppy activity and dropped by around 7.1K contracts on Monday. In the same line, volume shrunk for the fifth session in a row, this

Natural gas prices jump

The U.S. benchmark natural gas price jumped more than 5% on Monday as power generators are expected to burn more gas to keep air conditioners going that are just now starting to come online in the lower half

LNG carriers set to boom

GCEF has forecast a balanced global liquefied natural gas (LNG) shipping market in the short-and medium-term with the upcoming commissioning of new LNG carriers. According to GCEF’s report on the new trends on the global market of LNG

Natural gas futures strengthen further

A massive day/day decline in U.S. production drove more gains for natural gas futures despite a modest pullback in exports and continued outlooks for moderate early May temperatures. The May Nymex futures contract settled at $2.873, up 8.3