European Gas Hub
No Result
View All Result
  • Premium Content
    • All
    • Coal Market
    • European Energy Policy
    • European Gas Pipeline Infastructure
    • European Gas Prices
    • European Gas Storage
    • European Gas Supply & Demand
    • LNG
    • Russia
    • Unconventional Resources
    • Hydrogen
    • Other
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
SUBSCRIBE
  • Premium Content
    • All
    • Coal Market
    • European Energy Policy
    • European Gas Pipeline Infastructure
    • European Gas Prices
    • European Gas Storage
    • European Gas Supply & Demand
    • LNG
    • Russia
    • Unconventional Resources
    • Hydrogen
    • Other
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
European Gas Hub
No Result
View All Result
Home Gas Prices

Natural gas price benchmarks – July 2022

Editor by Editor
5 days ago
min read1 min
Natural gas price benchmarks – July 2022
Share on FacebookShare on TwitterShare on Linkedin

Gimme more: European gas prices averaged at a record high of $50/mmbtu in July, amidst further supply cuts via Nord Stream and growing market uncertainty.

RELATED POSTS

LNG-terminals

European LNG terminals offline?

5 days ago
Gazprom-production

Gazprom production down 36pc

5 days ago
gas-storage-crunch

Russia facing a gas storage crunch?

2 weeks ago

Europe’s TTF jumped by over 55% month-on-month, with prices hitting over $60/mmbtu by the end of July.

This coincides with Russian pipeline flows plummeting down to just 3.5 bcm -their lowest level in the last two decades.

Gazprom’s renewed cuts via Nord Stream, to just 20% of the pipeline capacity, drives further market uncertainty and volatility.

$50/mmbtu is in many ways symbolic and it is also the threshold for synthetic methane production, i.e. when effectively it makes more sense to convert electricity to gas than the other way around…

European demand meanwhile was down by just 8%, as gas burn received some push in the power sector, with July heatwaves weighing on nuclear and hydro output while driving up cooling demand.

In Asia, JKM prices followed TTF’s lead, up by 37% to $39/mmbtu.

This means that TTF’s premium averaged at a record of $10/mmbtu, on Europe’s growing thirst for every drop of LNG.

In Australia’s East Coast, gas prices remain at their record levels of $31/mmbtu.

The Market Operator has recently enacted the domestic gas supply guarantee mechanism, to be effective until the end of September.

In the US, Henry Hub prices averaged at $7.2/mmbtu -their highest July levels since 2008.

Heatwaves, strong cooling demand, low stocks (both gas and coal) continue to provide strong upward pressure on US gas prices -although many other regions would wish to have a gas price at just below $8/mmbtu…

What is your view? What is the summer outlook for gas prices? How will the current high gas price environment impact on the perception of gas and its future role in the energy system?

Source: Greg MOLNAR

Tags: gas pricesGreg MolnarHenry hub pricesJKM pricesTTF gas prices
Editor

Editor

Related Posts

LNG-terminals
Supply and Demand

European LNG terminals offline?

5 days ago
Gazprom-production
Gas Prices

Gazprom production down 36pc

5 days ago
gas-storage-crunch
Gas Prices

Russia facing a gas storage crunch?

2 weeks ago
European-gas
Supply and Demand

European gas: industrial demand destruction

2 weeks ago
Nord Stream is back?
Gas Prices

Nord Stream is back?

3 weeks ago
European-gas-storage
Gas Prices

Save more gas for this Winter

3 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Posts

German gas storage injections turn negative

German gas storage injections turn negative

3 weeks ago
Natural gas price benchmarks – July 2022

Natural gas price benchmarks – July 2022

5 days ago
European-gas-storage

Save more gas for this Winter

3 weeks ago
Load More

Recent Post

LNG-terminals

European LNG terminals offline?

5 days ago
Gazprom-production

Gazprom production down 36pc

5 days ago
Natural gas price benchmarks – July 2022

Natural gas price benchmarks – July 2022

5 days ago
Load More

European Gas Hub is an online platform for sharing analysis and information about European natural gas markets more info

Categories

  • European Gas Prices
  • Energy Policy
  • European Gas Infastructure
  • European Gas Storage
  • Coal Market
  • Supply & Demand
  • Gas Supply & Demand
  • LNG
  • Other
  • Unconventional Resources

Recent Posts

European LNG terminals offline?

Gazprom production down 36pc

Natural gas price benchmarks – July 2022

Energise your Tuesday!

Sign up to receive our weekly newsletter with new European gas market reports, presentations & analysis. Every Tuesday.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 EuropeanGasHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Coal Market
    • European Energy Policy
    • European Gas Pipeline Infastructure
    • European Gas Prices
    • European Gas Storage
    • European Gas Supply & Demand
    • LNG
    • Russia
    • Unconventional Resources
    • Hydrogen
    • Other
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login

© 2020 EuropeanGasHub | All Rights Reserved

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Energise your Tuesday!

SIGN UP to receive our weekly newsletter with new European gas market reports, presentations & analysis. EVERY TUESDAY!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?