Trump downplays rise in gas prices during Iran war
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European natural gas followed crude oil higher Thursday, with the benchmark Dutch TTF contract recently trading +4.2% to €52.06/MWh (NG1:COM) after adding as much as 7.7% and recovering some of the losses earlier this week.
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U.S. Natural Gas Prices Stay Calm Despite Global LNG Crisis
U.S. natural gas prices remain relatively stable around $3.10–$3.40/MMBtu because export terminals are already operating near full capacity and domestic production continues to rise.
The natural gas market initially rallied a bit on Friday, but then sold off again, as the market continues to focus on the coming spring in the USA, and the potential exports to the European Union.
Qatar's LNG production halt after Iranian strikes threatens global energy supplies, with the country producing a fifth of world liquefied natural gas exports.
Environmental policy expert warns new gas plants could raise costs for customers, while the utility says it needs to increase its electricity supply.
Oil near $100 rattles global markets as Strait of Hormuz disruption fuels inflation fears. Energy volatility raises new questions for natural gas futures outlook.
TAIPEI, March 10 (Reuters) - Taiwan's government said on Tuesday that its natural gas imports from the United States will increase from June as it has signed new supply contracts, adding that it was working to address the disruption caused by the war in the Middle East.
Some Charlotte residents reported winter Piedmont Natural Gas bills as high as $1,000, even without increased use.
National Grid achieves record-breaking gas delivery on Feb. 1, 2025, amid increased demand during a deep freeze.
Cyprus could begin producing natural gas for export as early as 2028, Energy Minister Michael Damianos said, potentially strengthening Europe's push to diversify its energy sources as the Middle East conflict tightens focus on supply.
Natural gas futures settled fractionally higher in choppy trade.