Stuart Elliott (@stuartelliott50) header
Stuart Elliott (@stuartelliott50) profile picture

Energy journalist and news manager with a passion for gas/LNG. Views my own. 23-year veteran at Platts, part of S&P Global Energy #ONGT #TTF #LNG #JKM

Joined October 2020
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GLOBAL LNG: Pakistan is back in the spot market for LNG. Normally heavily dependent on Qatari imports, PLL launched a new tender today seeking spot cargoes for both December and January delivery. Comes with JKM spot prices still above $30/MMBtu. #ONGT #JKM
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EUROPEAN GAS: The TTF benchmark gas price broke through €100/MWh this afternoon, a key threshold and a sign that the market remains spooked by the onset of the heating season amid low stocks and LNG supply tightness. Where next? #TTF #ONGT
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EUROPEAN GAS: Prices across Europe are closing in on €100/MWh as the weather starts to turn cold, stocks remain at record lows, and the LNG market remains tight. BUT, we're still a long way from the 2022 high of €320/MWh and the now defunct EU price cap of €180/MWh. #ttf #ongt
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EUROPEAN GAS: EC President von der Leyen today on Russian energy sanctions. "I want to be crystal clear: these sanctions will stay until Russia stops the war." Follows new reports of Russian gas being part of US proposals for a Ukraine peace deal. #TTF #ONGT
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EUROPEAN GAS: The EU is sticking to its narrative that low gas storage levels are not an immediate concern. "The EU is on track to achieve an adequate level of winter preparedness. Under the current circumstances, the Commission sees no reason to intervene." #ONGT
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EUROPEAN GAS: The low level of storage filling in Europe is causing concern. Worth a read, though, is a blog post by the German regulator on how storage is not the same metric as it once was. bundesnetzagentur.de/DE/Allg…
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"Traders and suppliers are combining various market instruments more than ever before to guarantee both competitive prices and secure supply. For gas storage facilities, this means that they will very likely no longer be filled to the same extent as before."
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EUROPEAN GAS: Nice work by Eni to announce FID on the Cronos gas field offshore Cyprus today. Discovery in August 2022 means FID just four years later. Cyprus' first gas discovery at Aphrodite in 2011 still to reach FID. #ttf #ongt #jkm
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EUROPEAN GAS: The Platts TTF month-ahead price assessment yesterday beat its mid-March peak and hit its highest level since January 2023 when the European market was starting to settle in the aftermath of the 2022 energy crisis. #TTF #ONGT #JKM
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EUROPEAN GAS: The TTF front-month price surged well above Eur60/MWh today on concerns of Middle East escalation and EU storage still struggling to refill. TTF was last higher in mid-March, but we go back to January 2023 for the last high before that. #ONGT #JKM
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EUROPEAN GAS: Prices are trading back above Eur50/MWh for the first time since early April. Reasons? Storage filling is slow; LNG flows are still disrupted from the Middle East; a threat of strike action in Australia; and geopolitical concerns continuing to weigh. #TTF #ONGT #JKM
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EUROPEAN GAS: Norway's decision to approve plans to re-open three North Sea gas fields is timely, but worth noting that the operators submitted the development plans in mid-February before the Iran war. #TTF #ONGT
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Europe is quickly burning through its #oilstocks after two months of war in the Middle East, leaving it exposed to a more crippling fuel shock. Airline cancellations and fuel rationing signal tightening supplies, leaving markets at risk of further price hikes. okt.to/ZjVdwQ
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EUROPEAN GAS: A key market moment with the start of an extended trading window for TTF this week. But we can see from ICE data that the European day is still the predominant trading timeframe so far. #TTF #ONGT #JKM
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EUROPEAN GAS: The Dutch TTF front-month gas contract opened today just under Eur43/MWh after the US-Iran ceasefire announcement. But we're still much higher than the Eur31/MWh or so traded before the attacks began on Feb. 28 #TTF #JKM #ONGT
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Some good news for LNG.
مشروع غولدن باس للغاز الطبيعي المسال، أكبر استثمارات قطر للطاقة في الولايات المتحدة، يحقق إنجازاً تاريخياً بأول إنتاج للغاز الطبيعي المسال #قطر_للطاقة⁣ #قطر
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GLOBAL GAS: The Qatari LNG shutdown is tightening global gas markets, with Asia and Europe set to compete for cargoes. For Europe, the Russian LNG import ban from end-2026 will add to the tightness. Qatar LNG to EU in 2025 was 9 million mt; Russia was 15 million mt. #ONGT #JKM
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GLOBAL GAS: Some context on the Qatari LNG production halt. Asia easily the most impacted. #JKM #ONGT
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