A surging carbon EUA price has been a key driver behind higher TTF prices. Carbon prices have risen 130% in the last 6 months (to 56 €/t from under 25 €/t), against a backdrop of the EU raising its 2030 emissions target to a 55% reduction (vs 1990 level) and strengthening momentum behind ‘green new deal’ policy action.
D’abord, Is Dutch TTF LNG? The discount of Northwest Europe delivered LNG to the Europe’s Dutch TTF natural gas hub grew to its widest level in six weeks April 21.
Ensuite, What is NBP and TTF? In Europe, the UK National Balance Point (NBP) and Dutch Title Transfer Facility (TTF) are already well-functioning spot markets, and JKM is now establishing itself as a credible spot market through factors such as the use by Platts of the Market on Close methodology in the determination of the JKM price assessment.
How much UK gas comes from Russia?
Our single largest source of gas is from the UK Continental Shelf and the vast majority of imports come from reliable suppliers such as Norway. There are no gas pipelines directly linking the UK with Russia and imports from Russia made up less than 4% of total UK gas supply in 2021.
Par ailleurs, What is Henry Hub gas price? Natural Gas (Henry Hub)Commodity
| Name | Price | Unit |
|---|---|---|
| Natural Gas (Henry Hub) | 8.75 | USD per MMBtu |
| Ethanol | 2.16 | USD per Gallon |
| Heating Oil | 98.27 | USD per 100 Liter |
| Coal | 336.00 | USD per Ton |
Contenus
What is TTF Europe?
Title Transfer Facility (TTF) is a pricing location within the Netherlands. TTF has become the most liquid pricing location in Europe, and as such, oftentimes serves as a pricing proxy for the overall European LNG import market.
What is the price of LNG today?
Performance Outlook
| Previous Close | 138.33 |
|---|---|
| Bid | 138.78 x 1000 |
| Ask | 138.92 x 4000 |
| Day’s Range | 137.54 – 140.99 |
| 52 Week Range | 80.06 – 150.00 |
How do you hedge LNG?
Where is Henry Hub?
The Henry Hub is perhaps the best-known of all natural gas trading points in North America. Located near Erath, Louisiana, the pipeline interchange moves gas from across the US Gulf Coast through a header system operated by Sabine Pipe Line, a subsidiary of Chevron Corporation.
Who owns North Sea oil?
The Norwegian and British sectors hold most of the large oil reserves. It is estimated that the Norwegian sector alone contains 54% of the sea’s oil reserves and 45% of its gas reserves. More than half of the North Sea oil reserves have been extracted, according to official sources in both Norway and the UK.
Does UK buy oil from Russia?
The UK currently gets its oil and gas from Russia but this is only a fraction (8%) of the fuel products imported to the UK. The vast majority comes from imports of liquefied natural gas (LNG), which is transported to the UK by sea from countries such as Qatar and the US.
What is Henry Hub today?
Henry Hub Natural Gas Spot Price is at a current level of 8.87, up from 8.16 the previous market day and up from 2.78 one year ago. This is a change of 8.70% from the previous market day and 219.1% from one year ago.
Who owns Henry Hub?
Henry Hub is owned and operated by Sabine Pipe Line LLC and its affiliates. They are a full-service header system which offers various receipt and delivery capability, hub management services and an extensive interconnection to one of the most important U.S. pipeline structures.
Is household gas natural gas?
So, kind or type of gas used in homes is either propane, butane or a mixture of the two. The other type of gas used in homes is natural gas (mains gas) or CNG, both of which are methane. Propane, butane and natural gas are all hydrocarbon gases.
How much does gasoline cost in Europe?
Company Matches
| Nation | City | Price in USD Regular/Gallon |
|---|---|---|
| United Kingdom | London | $5.79 |
| Germany | Frankfurt | $5.57 |
| France | Paris | $5.54 |
| Portugal | Lisbon | $5.35 |
Why is Henry Hub cheap?
Henry Hub is an important market clearing pricing concept because it is based on the actual supply and demand of natural gas as a stand-alone commodity.
Is LNG cheaper than diesel?
While LNG is much cheaper than diesel, it is not as inexpensive as CNG. However, you can fit a lot more LNG fuel in a smaller space than CNG, which means less weight.
Is LNG a good investment?
So, is LNG a good stock to buy? Absolutely. Investors should be eyeing LNG plays, and LNG stock should be at the top of every list. It was a good buy for an unstable economy before an international trade deal provided the catalyst it needed for shares to soar.
What is difference between LPG and LNG?
LPG is stored, shipped and transported in tanks or cylinders, whereas LNG is stored and shipped in purpose built cryogenic tanks. Pipelines are usually used to transport LNG.
How are LNG contracts priced?
LNG contract prices are typically expressed as a slope, or percentage, of Brent prices. For example, a 12% slope of the current front-month Brent price of $84.74 a barrel would translate to LNG price of roughly$10.17 per mmBtu, though the contracts may not be that straightforward on pricing.
How do you trade LNG?
The most common way to make money in LNG trading is by moving cargoes from supplier regions into growing gas markets that lack pipeline connectivity, while taking advantage of the regional price arbitrage.
What is hedging in LNG?
Hedging forward exposures acts to reduce the variability of portfolio returns and limit downside value loss. Portfolio hedging is a natural activity for many LNG market participants e.g. commodity traders such as Gunvor, Vitol & Trafigura and European utilities such as RWE and Uniper.
How did Henry Hub get its name?
History. The « Henry » hub is so named for its location in the Henry hamlet of Erath, which was named after the Henry High School that stood there until damaged by the flooding and storm surge from Hurricanes Ike and Rita, though the natural gas facilities suffered minimal damage.
How rich is Scotland as a country?
The economy of Scotland had an estimated nominal gross domestic product (GDP) of $205 billion in 2020 including oil and gas extraction in Scottish waters.
Does Russia own North Sea gas?
Russian state-owned gas giant Gazprom is still extracting gas from the North Sea despite western efforts to cut off the Kremlin following its war on Ukraine.
How much do UK oil rig workers earn?
Workers in the UK oil and gas industry enjoy some of the highest wages paid by the sector across the world. A typical North Sea worker earns an average of £540 a day, while someone at director level employed on a rig there can command around £900 a day, according to the recruitment group Hays.
