European natural gas futures rose on Monday with supply still threatened by strike action at main Australian LNG plants as the market awaits the outcome of more talks between the sides.
On Tuesday, the Fair Work Commission is due to hear the parties’ cases, after Chevron applied to the labour regulator to help resolve the dispute with unions at the Gorgon and Wheatstone LNG facilities.
TTF rose by 4.2% to USD 11.29//MMBtu, while NBP rose 6.3% to USD 11.25/MMBtu.
Meanwhile, JKM remained resilient and grew by a minor 0.4% to USD 13.39/MMBtu.
According to Energi Danmark, the market fell early on Tuesday as the Troll field outage in Norway did not drive prices higher.
The Henry Hub remained flat on Monday at USD 2.61/MMBtu despite falling temperatures and waning weather-driven demand.
In addition, feedgas flows to second-largest US LNG plant dropped sharply over the weekend and remained down for the third day in a row on Monday. Input levels on the pipeline serving the facility showed feed levels had fallen to 702.9 Mcf/d on 9 September, and dropped further to 284.3 Mcf/d on 10 September, down from 1,640.3 Mcf/d on 8 September, LSEG data showed.
Front-month futures and indexes at last close with day-on-day changes (click to enlarge): 
Time references based on London GMT. Brent, WTI, NBP, TTF and EU CO2 data from ICE. Henry Hub, JKM and API2 data from CME. Prices in USD/MMBtu based on exchange rates at last market close. All monetary values rounded to nearest whole cent/penny. Text and graphic copyright © Gas Strategies, all rights.
Subscription Benefits
Our three titles – LNG Business Review, Gas Matters and Gas Matters Today – tackle the biggest questions on global developments and major industry trends through a mixture of news, profiles and analysis.
LNG Business Review
LNG Business Review seeks to discover new truths about today’s LNG industry. It strives to widen market players’ scope of reference by actively engaging with events, offering new perspectives while challenging existing ones, and never shying away from being a platform for debate.
Gas Matters
Gas Matters digs deep into the stories of today, keeping the challenges of tomorrow in its sights. Weekly features and interviews, informed by unrivalled in-house expertise, offer a fresh perspective on events as well as thoughtful, intelligent analysis that dares to challenge the status quo.
Gas Matters Today
Gas Matters Today cuts through the bluster of online news and views to offer trustworthy, informed perspectives on major events shaping the gas and LNG industries. This daily news service provides unparalleled insight by drawing on the collective knowledge of in-house reporters, specialist contributors and extensive archive to go beyond the headlines, making it essential reading for gas industry professionals.
