In early 2023, a year after Russia first invaded Ukraine, natural gas markets in Europe and Asia were still in turmoil, as fears of gas shortages continued to loom over Europe, keeping global prices for natural gas and LNG high.  Last year at this time (Jan 22-26 weekly average, green arrow point

The U.S.-Asia propane export arb remained open in early January but narrowed as Mont Belvieu prices soared, shrinking the spread to Asia FEI propane, which was only partially offset by a collapse in freight rates. VLGC freight rates were dramatically lower in early January.

Over the 10-day period from January 14 to January 23 the Everett LNG import facility in Massachusetts provided 2.4 Bcf in total natural gas to the Northeast pipeline market (or 0.24 Bcf/d on average).

Last week in the first open session of 2024, the Federal Energy Regulatory Commission (FERC) approved two natural gas pipeline projects: a greenfield pipeline lateral and an expansion on an existing interstate pipeline.  The first project, the Cumberland Lateral, a 32-mile pipeline from Kinder Mo