Gas Strategies

How will shifting geopolitics and the energy transition affect LNG exports, particularly in the dynamic Middle East? Gas Strategies’ Consulting Manager, Callum Ashcroft, explored this fascinating topic during his talk at the 3rd IAEE MENA Conference hosted by KAPSARC in Riyadh this weekend. Immersed in the world of energy, it was a pleasure for Callum and the Gas Strategies team to be involved in insightful discussion at this key event. We look forward to continuing to forge partnerships and share knowledge in this vital industry. #LNG #EnergyTransition #KAPSARC #MENA

European natural gas prices rebounded on Tuesday after the EU signalled its reluctance to continue its reliance on supplies of Russian pipeline gas. Asia’s JKM LNG benchmark followed suit. Meanwhile, the US Department of Energy yesterday released its much-anticipated study into the economic and environmental impacts of unfettered exports of LNG, following the pause on project approvals announced by the Biden Administration at the start of this year. The study examines a range of scenarios and comes to the unsurprising conclusion that unconstrained LNG exports would put upward pressure on Henry Hub prices. #Pricewatch #GasMattersToday https://lnkd.in/e-XT-7rq

Energy and carbon prices fell across the board on Monday, notably in Asia, where the month-ahead JKM LNG benchmark closed at USD 12.77/MMBtu on the first day of trading of the February contract as the front month. This was a 14.2% drop on the expiry price of the January contract on Friday of USD 14.88/MMBtu and a 2.4% drop on the closing price of the February contract on Friday. #Pricewatch #GasMattersToday https://lnkd.in/ePGi45-e

Countries and companies continued counting the true cost of reaching net zero this week. The UK Energy Research Centre warned of the “gigantic price tag” and “daunting coordination challenge” that will come with decommissioning Britain’s gas infrastructure. Meanwhile, Bernard Looney, the former CEO of BP, was approved to be on the board of XRG, an USD 80 billion investment vehicle launched by ADNOC. Here's a closer look at the stories: https://lnkd.in/eeY6qYiG

Natural gas prices fell in all three of the world’s main consuming regions on Friday, notably in the US, where Thursday’s climb to a 2024 high proved to be a flash in the pan. January Henry Hub fell by 5.1%, from USD 3.46/MMBtu to USD 3.28/MMBtu, still well above the average month-ahead price for 2024. #Pricewatch #GasMattersToday https://lnkd.in/eAgjNfTk

Festive Greetings from the Gas Strategies Team. There were smiles, Secret Santa gifts and far too much garish polyester all-round yesterday as the St Bride Street office had a bit of fun with Xmas Jumper Day. Bertie The Dog also got into the spirit of things. 🎄 🎅 🤶 #xmasjumperday #dogsatwork #dogstrategies #gasstrategies #team

The January Henry Hub contract rose by another 2.3%, from USD 3.38/MMBtu on Wednesday to USD 3.46/MMBtu, as storage showed a net decrease of 190 Bcf. This followed a rise of almost 7% in the previous trading session. In just the last two trading sessions the price has soared by 9.5%. #Pricewatch #GasMattersToday https://lnkd.in/e_QKEK68

US natural gas futures were up sharply on Wednesday – close to their highest levels in 2024 – on expectations that the latest storage data will show a larger than normal withdrawal for the time of year. European gas futures moved in the opposite direction, returning to the downward trend of the past week after a brief rally on Tuesday. Crude oil prices strengthened and continued to do so on Thursday morning. #Pricewatch #GasMattersToday https://lnkd.in/gSz2_R_7

Wednesday was a day of relative calm in energy and carbon markets, with most of the benchmarks in our Pricewatch table moving by less than a percentage point. Politically, the world’s attention remained on developments in Syria, where moves towards establishing an effective interim government continue. #Pricewatch #GasMattersToday https://lnkd.in/eGM4kKK6

Energy markets yesterday shrugged off political developments in the Middle East, following the downfall of the Assad regime in Syria over the weekend. Crude oil prices climbed on Monday, but this appeared to be more in response to economic initiatives in China than anything else. Natural gas prices in Europe continued to decline, taking coal and carbon prices with them, amid forecasts of mild weather. #Pricewatch #GasMattersToday https://lnkd.in/e6mbsB6M