Strong gas demand from power generation and a lingering gas storage deficit have narrowed the delta between Spain’s PVB gas price and NW Europe’s TTF. Even as natural gas flat prices have increased in response to a new round of hostilities in the Middle East starting on 13 June 2025, Read more
LNG exports from liquefaction projects in Qatar and UAE, net of intraregional marketing of LNG cargoes to Kuwait and UAE, averaged 18% of total LNG exports to the global gas market during the first five months of 2025. The average volume of net export flow from Qatar and UAE during Read more
Argentina and Brazil added +5 GWe of thermal generation since the middle of May 2025 as their domestic energy sectors confront lower seasonal temperatures and less availability of hydro generation. For both countries, natural gas serves as the principal feedstock for thermal generation. Generation sourcing LNG imports and liquid fuels Read more
On 1 June 2025, the first day of the hurricane season in the Atlantic Basin, pipeline exits from Norway remain above the 10 bcfd level as the European natural gas exporter works its way through a modest round of upstream maintenance for the balance of the month. In the United Read more
Supply-side risk for natural gas markets in NW Europe has become more concentrated since the decline of Russian pipeline flows starting in late 2022. Expectations concerning future volumes of pipeline supply from Norway and US LNG exports are increasingly important not only because of the scale of their volumes, but Read more
Since the beginning of April 2025, the global volume of LNG cargoes on the water has steadily increased to approximately 31 BCM (1.1 TCF) as of mid-May 2025. At the same time, the global rate of LNG exports for the first half of May 2025 declined by 3% vs. the Read more