1. Because Russian President Vladimir Putin said in early 10 that he would expand the supply of natural gas to Europe, the price of natural gas in Europe has declined in recent weeks, but the American natural gas market continues to open an epic situation.
2. A few days ago, the US natural gas futures station stood at US$ 6/million British heat, and the one-day increase expanded to 13.5% on the 26th, the highest since June 16. Although the United States is relatively unaffected by the energy crisis that swept across Europe, the strong overseas demand for American LNG has intensified concerns about domestic stocks. European natural gas prices have declined, but they are still at a high level in September, with a year-on-year increase of more than 400%. The price of TTF natural gas in the Netherlands is around $29.65/million British thermal units, which is more than 20% lower than the level of nearly $40 at the beginning of the month. There is still great uncertainty about the influence of Russian attitude, winter climate and instability of new energy on gas price.
3. Fu Xiao, head of commodity market strategy of BOC International, told reporters that in the long run, irregular market shortage may become the new normal under the background of global energy structure transformation. Putin ordered Gazprom to start filling natural gas into European storage facilities from165438+1October 8, but it is still difficult to judge whether it will be implemented.
The rise of Europe and the rise of the United States.
1. 10 year16 October, the price of natural gas in Europe peaked because Putin indicated that he would increase the supply of natural gas to Europe. The price of ice British natural gas futures once dropped from nearly 400p/Sam to about 200p/Sam today, but the increase in the past year still exceeded 400%.
Only three weeks later, Putin finally decided on the action time. It is reported that at the meeting in Russia on Wednesday, Putin told the CEO of Gazprom that "as long as the natural gas is delivered to domestic underground storage facilities on or before 1654381October 8, the natural gas reserves of underground storage facilities in Europe will gradually increase as planned."
3. Although US President Biden's energy security adviser claimed that Russia is using natural gas as a political bargaining chip to speed up the approval of its controversial Nord Stream 2 pipeline, there are many factors of "gas shortage". In fact, with the economic restart, the demand for natural gas in many Asian countries has greatly exceeded expectations, "diverting" the supply in Europe. In addition, the green transformation in Europe is quite radical, and the traditional energy input is insufficient. This year, wind power generation is particularly unstable, which also aggravates the situation of "lack of gas".
4. Just as the price of natural gas in Europe rose temporarily, the natural gas futures of Henry Hub in the United States were soaring. As of June 28th, Beijing time 10, the natural gas futures price of Henry Hub reported 6. 139 USD/million btw, with an annual increase of nearly 100%. 654381October 6, due to Putin's remarks, futures prices fell by nearly 20% overnight, from a high of $6.50/million British heat to a range of $4.