Fitch warns of tough 2023 amid markedly higher gas prices
Fitch Ratings has increased its short and medium term gas price assumptions, based on an assumption of no further Russian supplies into the European Union.
Henry Hub
Freeport LNG offline until “late 2022”
Freeport LNG has provided an update on the circumstances of the June 8 fire at its facility on Quintana Island, Texas, warning that a return to full operations will not come until late 2022.
Prices are heading higher, Fitch warns on strong demand, Russia squeeze
Fitch Ratings has increased its oil and gas price forecast, indicating increased pressure on the European market driven by strong demand.
US LNG flows into high-priced Europe, deserts China
The US more than doubled LNG exports to Europe in the first four months of the year, according to the Energy Information Administration (EIA).
Gunvor denies rumours of collapse on gas trades gone wrong
Margin calls stemming from the gas market have not pushed Gunvor to the brink, the trader said.
WoodMac warns of wave of bankruptcies on path to Paris
The world’s energy consumption will change “profoundly” if it is to meet the Paris Agreement goals, Wood Mackenzie has said in a new report.
European gas demand under pressure
The impact of coronavirus has not been felt as strongly by the gas industry as oil, Rystad Energy’s CEO Jarand Rystad has said, although increasing LNG production seems set to keep prices under pressure this year.