Global Natural Gas Prices Continue to Soar

An Analysis by the Al Attiyah Foundation

An Analysis by the Al Attiyah Foundation

Global Natural Gas Prices Continue to Soar

Liquefied natural gas (LNG) prices are up around the world, driven by demand in China and across Asia, which is helping push benchmark prices in Europe to decade-plus highs as well. US prices have also risen, partly due to hot weather and an LNG export boom – suggesting a fully integrated international market is finally developing, with all prices moving in line, although the US remains far cheaper (excluding delivery costs). Longer-term, fundamentals are increasingly pointing to a sustained period of higher prices, although long-term deals are still struggling to follow the upward trend in spot prices. 


As summer 2021 progresses, global LNG demand is looking robust, buoyed by the global relaxation of COVID-19 restrictions and warm summer temperatures - as well as higher coal and oil prices, and strong economic growth. European buyers are also attempting to replenish stocks that are well below normal levels, while coal to gas switching in Europe has been supported by high carbon prices, and in Asia by policy changes. At the same time, LNG supply to Europe in the first half of 2021 was down (by 18% year on year, says HSBC), tightening supply, while wind generation was low, boosting gas demand – which is likely to be an ever-more significant factor in future European gas demand fluctuations, alongside temperature (April was cold and June was the second hottest on record, both scenarios raised power/gas demands). The demand strength has been accompanied by several upstream outages and delays, along with extensive summer maintenance (including pandemic deferred maintenance from 2020) and falls in domestic production. 


Shell recently estimated that global LNG demand would increase by at least 10 million tonnes to 370 million tonnes this year, a 2.8% rise on its 2020 figure, with most of that coming from Asia. The biggest contributor to this demand is China, which saw LNG imports jump 29% from a year ago to 39.8 million tonnes in the first six months of 2021, according to Refinitiv data, after a big rise last year when they hit 67.4 million tonnes in the complete year - up about 11% compared with 2019, despite the pandemic. Gas switching, high temperatures, and strong economic growth are all driving demand. 


And there is room for more – China’s import capacity is to rise by almost 50% on late 2020 levels to 107.9 million tonnes per year (mn t/yr) by the end of this year, although LNG imports will have to compete with a planned rise in Russian pipeline supply and higher domestic output.


Indian LNG demand was also up sharply in 2020 and will be further boosted this year by economic recovery, delays in domestic upstream gas projects and, declining output from mature fields. In South America, low hydroelectric reserves in Brazil and declining gas production from Argentina and Bolivia have also increased LNG demand there during the southern winter. 


Together these factors have pushed LNG prices up to multi-year records for the time of year, which has also helped drive up the European benchmarks, National Balancing Point (NBP), and Title Transfer Facility (TTF). LNG prices delivered in Northeast Asia at the beginning of July reportedly rose as high as $14.50/ Million British Thermal Unit (mmBtu) for August/September delivery - the highest since 2013, and up sharply from a post-winter low of $5.60/mmBtu. The strength is a continuation of considerable spot price volatility since early 2020, with the main Northeast Asian benchmark fluctuating between $1.82/mmBtu during the first COVID-19 wave last April and a record high of $32.50/mmBtu this January. As the LNG prices peaked, the front-month price at the Dutch TTF hub hit a record high of $13.22/mmBtu on July 5th, while the British NBP gas contract hit a 13-year high of $13.8/mmBtu on the same day. 


In the US, a historic heatwave in the Pacific Northwest, along with the hottest June on record, and high export demand, pushed Henry Hub prices to multi-year highs, while spot gas prices in southern California surged to over $7/mmBtu in June out as far as August. 


The influence of global LNG prices on European gas prices is likely to grow further as domestic European output declines over the coming years, and LNG import capacity rises, although Russian supply will remain a key variable. Russian pipeline exports have recently fallen well below normal levels, helping support European benchmarks. This is because Gazprom, the largest supplier of natural gas to Europe and Turkey, has not booked any extra export capacity with Ukraine for several months, and does not appear interested in booking any capacity with Poland for gas years 2021-25 either. This adds to pressure for rapid commissioning of Nord Stream 2 (underwater twin pipeline that would transport natural gas from Russia directly to Germany), the sort of pressure the US and Germany said they would not bow to. But if more Russian gas is not forthcoming through Nord Stream 2 or elsewhere, European prices may have to rise further to compete with Asian buyers for more LNG.


Can this rally be stopped? Strong fundamentals point to continued high demand and prices 


The question is now whether spot prices will stay high, given the LNG market will technically be in surplus next year (provided all plants are back up). Despite last winter’s spike, and now the summer’s high prices, the International Energy Agency said in a recent gas market outlook that there was still little threat of structural tightness out to 2024. But other analysts are more bullish. HSBC expects some tightness from 2023, when only 12mn t/yr of new capacity is expected, compared to an increase in demand of 24mn t/yr. Morgan Stanley also sees a possible capacity shortfall from 2023, and the need for another 60mn t/yr of new projects to meet demand up to 2030. 


Others are more bullish still. Wood Mackenzie expects the current strength to continue right through to 2025 as Asian LNG demand keeps rising. Indeed, increasing demand could outpace LNG supply additions in 2021-22, with less than 30mn t/yr of new liquefaction capacity expected onstream. Policy and weather are key uncertainties. Further ahead there could also be more of a squeeze than expected after only 3mn t/yr of new LNG capacity was approved in 2020, compared to projections of up to 60mn t/yr – although Qatar’s decision to go ahead with its four train North Field expansion earlier this year (up to 49mn t/yr) has somewhat offset this concern.


But while spot markets are strong, so far this year term markets have remained weak, and will likely stay that way until it becomes clear that demand will outstrip new supply available from Qatar and Russia, according to Wood Mackenzie. Much of the weakness is down to plentiful uncontracted supply after 2025. 


Others suggest the recent volatility is making buyers concerned over future supply, which could encourage term purchases and liquefaction plant final investment decisions (FIDs) over the coming months. Given greater tightness prior to 2025, term deals could provide buyers with lower prices over the next five years, in exchange for a commitment to buy out to 2030 or beyond. Without term deals, new liquefaction plants are taking on all the climate change risk, which is rising especially for European and Northeast Asian buyers. New buyers in China and South Asia appear more prepared to commit to the term. 


IndraStra Global is now available on
Apple NewsGoogle News, Flipboard, Feedburner, and Telegram

DISCLAIMER: The views expressed in this insight piece are those of the author and do not necessarily reflect the official policy or position of IndraStra Global.

COPYRIGHT: This article is published under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. https://creativecommons.org/licenses/by-nc-nd/4.0/

REPUBLISH: Republish our articles online or in print for free if you follow these guidelines. https://www.indrastra.com/p/republish-us.html
Name

-51,1,3D Technology,2,5G,10,Abkhazia,2,Abortion Laws,1,Academics,11,Accidents,22,Activism,1,Adani Group,7,ADB,13,ADIZ,1,Adults,1,Advertising,31,Advisory,2,Aerial Reconnaissance,13,Aerial Warfare,36,Aerospace,5,Afghanistan,88,Africa,115,Agile Methodology,2,Agriculture,21,AI Policy,1,Air Crash,10,Air Defence Identification Zone,1,Air Defense,7,Air Force,29,Air Pollution,1,Airbus,5,Aircraft Carriers,5,Aircraft Systems,6,Al Nusra,1,Al Qaida,4,Al Shabab,1,Alaska,1,ALBA,1,Albania,2,Algeria,3,Alibaba,1,American History,4,AmritaJash,10,Antarctic,1,Antarctica,1,Anthropology,7,Anti Narcotics,12,Anti Tank,1,Anti-Corruption,4,Anti-dumping,1,Anti-Piracy,2,Anti-Submarine,1,Anti-Terrorism Legislation,1,Antitrust,2,APEC,1,Apple,3,Applied Sciences,2,AQAP,2,Arab League,3,Architecture,3,Arctic,6,Argentina,7,Armenia,31,Army,3,Art,3,Artificial Intelligence,84,Artillery,2,Arunachal Pradesh,2,ASEAN,13,Asia,71,Asia Pacific,24,Assassination,2,Asset Management,1,Astrophysics,2,ATGM,1,Atmospheric Science,1,Atomic.Atom,1,Augmented Reality,8,Australia,58,Austria,1,Automation,13,Automotive,133,Autonomous Flight,2,Autonomous Vehicle,4,Aviation,63,AWACS,2,Awards,17,Azerbaijan,17,Azeri,1,B2B,1,Bahrain,9,Balance of Payments,2,Balance of Trade,3,Bali,1,Balkan,10,Balochistan,2,Baltic,3,Baluchistan,8,Bangladesh,30,Banking,53,Bankruptcy,2,Basel,1,Bashar Al Asad,2,Battery Technology,3,Bay of Bengal,5,BBC,2,Beijing,1,Belarus,3,Belgium,1,Belt Road Initiative,3,Beto O'Rourke,1,BFSI,1,Bhutan,13,Big Data,30,Big Tech,1,Bilateral Cooperation,21,BIMSTEC,1,Biodiversity,1,Biography,1,Biology,1,Biotechnology,4,Birth,1,BISA,1,Bitcoin,11,Black Lives Matter,1,Black Money,3,Black Sea,2,Blockchain,33,Blood Diamonds,1,Bloomberg,1,Boeing,21,Boko Haram,7,Bolivia,7,Bomb,3,Bond Market,3,Book,11,Book Review,24,Border Conflicts,13,Border Control and Surveillance,7,Bosnia,1,Brand Management,14,Brazil,107,Brexit,22,BRI,5,BRICS,20,British,3,Broadcasting,16,Brunei,3,Brussels,1,Buddhism,1,Budget,5,Build Back Better,1,Bulgaria,1,Burma,2,Business & Economy,1273,C-UAS,1,California,5,Call for Proposals,1,Cambodia,7,Cameroon,1,Canada,58,Canadian Security Intelligence Service (CSIS),1,Carbon Economy,9,CAREC,1,Caribbean,10,CARICOM,1,Caspian Sea,2,Catalan,3,Catholic Church,1,Caucasus,9,CBRN,1,Cement,1,Central African Republic,1,Central Asia,82,Central Asian,3,Central Banks,1,Central Eastern Europe,49,Certification,1,Chad,2,Chagos Archipelago,1,Chanakya,1,Charity,2,Chatbots,2,Chemicals,7,Chemistry,1,Child Labor,1,Child Marriage,1,Children,4,Chile,10,China,599,Christianity,1,CIA,1,CIS,5,Citizenship,2,Civil Engineering,2,Civil Liberties,5,Civil Rights,2,Civil Society,5,Civil Unrest,1,Civilization,1,Clean Energy,6,Climate,68,Climate Change,29,Climate Finance,2,Climate Studies,2,Clinical Research,3,Clinton,1,Cloud Computing,46,Coal,6,Coast Guard,3,Cocoa,1,Cognitive Computing,13,Cold War,5,Colombia,16,Commodities,5,Communication,13,Communism,3,Compliance,1,Computers,40,Computing,1,Conferences,2,Conflict,117,Conflict Diamonds,1,Conflict Resolution,49,Conflict Resources,1,Congo,2,Construction,5,Consumer Behavior,4,Consumer Price Index,5,COP26,4,COP28,1,COP29,1,Copper,3,Coronavirus,107,Corporate Communication,1,Corporate Governance,4,Corporate Social Responsibility,4,Corruption,4,Costa Rica,2,Counter Intelligence,15,Counter Terrorism,81,COVID,9,COVID Vaccine,6,CPEC,8,CPG,5,Credit,2,Credit Rating,3,Credit Score,1,Crimea,4,Critical Minerals,1,CRM,1,Croatia,2,Crypto Currency,21,Cryptography,1,CSTO,1,Cuba,7,Culture,5,Currency,9,Customer Exeperience,1,Customer Relationship Management,1,Cyber Attack,10,Cyber Crime,2,Cyber Security & Warfare,118,Cybernetics,5,Cyberwarfare,16,Cyclone,1,Cyprus,5,Czech Republic,5,DACA,1,Dagestan,1,DARPA,3,Data,9,Data Analytics,36,Data Center,4,Data Science,2,Database,3,Daughter.Leslee,1,Davos,1,DEA,1,DeBeers,1,Debt,14,Debt Fund,1,Decision Support System,5,Defense,12,Defense Deals,8,Deflation,1,Deforestation,2,Deloitte,1,Democracy,22,Democrats,2,Demographic Studies,2,Demonetization,6,Denmark. F-35,1,Denuclearization,1,Diamonds,1,Digital,39,Digital Currency,3,Digital Economy,11,Digital Marketing,7,Digital Transformation,11,Diplomacy,14,Diplomatic Row,5,Disaster Management,4,Disinformation,2,Diversity & Inclusion,1,Djibouti,2,Documentary,3,Doklam,2,Dokolam,1,Dominica,2,Donald Trump,55,Donetsk,2,Dossier,2,Drones,14,E-Government,2,E-International Relations,1,Earning Reports,4,Earth Science,2,Earthquake,8,East Africa,2,East China Sea,9,eBook,1,Ebrahim Raisi,1,ECB,1,eCommerce,11,Econometrics,2,Economic Indicator,1,Economic Justice,1,Economics,46,Economy,115,ECOWAS,2,Ecuador,4,Edge Computing,2,Editor's Opinion,61,Education,67,EFTA,1,Egypt,28,Election Disinformation,1,Elections,55,Electric Vehicle,15,Electricity,7,Electronics,9,Elon Musk,1,Emerging Markets,1,Employment,23,Energy,317,Energy Policy,28,Energy Politics,27,Engineering,24,England,2,Enterprise Software Solutions,9,Entrepreneurship,15,Environment,48,ePayments,14,Epidemic,6,ESA,1,Ethiopia,4,Eulogy,4,Eurasia,3,Euro,6,Europe,15,European Union,237,EuroZone,5,Exchange-traded Funds,2,Exclusive,2,Exhibitions,2,Explosives,1,Export Import,6,F-35,6,Facebook,9,Fake News,3,Fallen,1,FARC,2,Farnborough. United Kingdom,2,FATF,1,FDI,6,Featured,1438,Federal Reserve,6,Fidel Castro,1,FIFA World Cup,1,Fiji,1,Finance,19,Financial Markets,60,Financial Planning,1,Financial Statement,2,Finland,5,Fintech,15,Fiscal Policy,14,Fishery,3,Five Eyes,1,Floods,2,Food Security,27,Forces,1,Forecasting,3,Foreign Policy,13,Forex,4,France,37,Free Market,1,Free Syrian Army,4,Free Trade Agreement,1,Freedom,3,Freedom of Press,1,Freedom of Speech,2,French Polynesia,1,Frigate,1,FTC,1,Fujairah,97,Fund Management,1,Funding,23,Future,1,G20,10,G24,1,G7,4,Gaddafi,1,Gambia,2,Gambling,1,Gaming,1,Garissa Attack,1,Gas Price,24,GATT,1,Gaza,16,GCC,11,GDP,14,GDPR,1,Gender Studies,3,Geneal Management,1,General Management,1,Generative AI,9,Genetics,1,Geo Politics,105,Geography,2,Geoint,14,Geopolitics,11,Georgia,12,Georgian,1,geospatial,9,Geothermal,2,Germany,72,Ghana,3,Gibratar,1,Gig economy,1,Glaciology,1,Global Markets,2,Global Perception,1,Global Trade,101,Global Warming,1,Global Water Crisis,11,Globalization,3,Gold,5,Google,20,Gorkhaland,1,Government,129,Government Analytics,1,Government Bond,1,GPS,1,Greater Asia,187,Greece,14,Green Bonds,1,Green Energy,3,Greenland,1,Gross Domestic Product,2,GST,1,Gujarat,6,Gulf of Tonkin,1,Gun Control,4,Hacking,5,Haiti,2,Hamas,12,Hasan,1,Health,8,Healthcare,72,Heatwave,2,Helicopter,12,Heliport,1,Hezbollah,3,High Altitude Warfare,1,High Speed Railway System,1,Hillary 2016,1,Hillary Clinton,1,Himalaya,1,Hinduism,2,Hindutva,4,History,10,Home Security,1,Honduras,2,Hong Kong,7,Horn of Africa,5,Housing,17,Houthi,13,Howitzer,1,Human Development,32,Human Resource Management,5,Human Rights,7,Humanitarian,3,Hungary,3,Hunger,3,Hydrocarbon,3,Hydrogen,5,IAEA,2,ICBM,1,Iceland,2,ICO,1,Identification,2,IDF,1,Imaging,2,IMEEC,2,IMF,77,Immigration,21,Impeachment,1,Imran Khan,1,Independent Media,73,India,693,India's,1,Indian Air Force,19,Indian Army,7,Indian Nationalism,1,Indian Navy,28,Indian Ocean,25,Indices,1,Indigenous rights,1,Indo-Pacific,9,Indonesia,25,IndraStra,1,Industrial Accidents,4,Industrial Automation,2,Industrial Safety,4,Inflation,10,Infographic,1,Information Leaks,1,Infrastructure,3,Innovations,22,Insider Trading,1,Insurance,3,Intellectual Property,3,Intelligence,5,Intelligence Analysis,8,Interest Rate,4,International Business,13,International Law,11,International Relations,9,Internet,53,Internet of Things,35,Interview,8,Intra-Government,5,Investigative Journalism,4,Investment,33,Investor Relations,1,IPEF,1,iPhone,1,IPO,4,Iran,213,Iraq,54,IRGC,1,Iron & Steel,5,ISAF,1,ISIL,9,ISIS,33,Islam,12,Islamic Banking,1,Islamic State,86,Israel,154,ISRO,1,IT ITeS,136,Italy,10,Ivory Coast,1,Jabhat al-Nusra,1,Jack Ma,1,Jamaica,3,Japan,95,JASDF,1,Jihad,1,JMSDF,1,Joe Biden,8,Joint Strike Fighter,5,Jordan,7,Journalism,7,Judicial,4,Julian Assange,1,Justice System,3,Kamala Harris,3,Kanchin,1,Kashmir,10,Kaspersky,1,Kazakhstan,26,Kenya,6,Khalistan,2,Kiev,1,Kindle,700,Knowledge Management,4,Korean Conflict,1,Kosovo,2,Kubernetes,1,Kurdistan,8,Kurds,10,Kuwait,7,Kyrgyzstan,9,Labor Laws,10,Labor Market,4,Ladakh,1,Land Reforms,3,Land Warfare,21,Languages,1,Laos,2,Large language models,1,Laser Defense Systems,1,Latin America,84,Law,6,Leadership,3,Lebanon,12,Legal,11,LGBTQ,2,Li Keqiang,1,Liberalism,1,Library Science,1,Libya,14,Liechtenstein,1,Lifestyle,2,Light Battle Tank,1,Linkedin,1,Lithium,1,Lithuania,1,Littoral Warfare,2,Livelihood,3,Loans,11,Lockdown,1,Lone Wolf Attacks,3,Lugansk,2,Macedonia,1,Machine Learning,8,Madagascar,1,Mahmoud,1,Main Battle Tank,3,Malaysia,12,Maldives,13,Mali,7,Malware,2,Management Consulting,6,Manpower,1,Manto,1,Manufacturing,16,Marijuana,1,Marine Biology,1,Marine Engineering,3,Maritime,51,Market Research,2,Marketing,38,Mars,2,Martech,10,Mass Media,30,Mass Shooting,1,Material Science,2,Mauritania,1,Mauritius,3,MDGs,1,Mechatronics,2,Media War,1,MediaWiki,1,Medical,1,Medicare,1,Mediterranean,12,MENA,6,Mental Health,4,Mercosur,2,Mergers and Acquisitions,19,Meta,3,Metadata,2,Metals,4,Mexico,14,Micro-finance,4,Microsoft,12,Migration,19,Mike Pence,1,Military,113,Military Exercise,12,Military Service,2,Military-Industrial Complex,3,Mining,16,Missile Launching Facilities,6,Missile Systems,58,Mobile Apps,3,Mobile Communications,12,Mobility,4,Modi,8,Moldova,1,Monaco,1,Monetary Policy,6,Money Market,2,Mongolia,11,Monkeypox,1,Monsoon,1,Montreux Convention,1,Moon,4,Morocco,2,Morsi,1,Mortgage,3,Moscow,2,Motivation,1,Mozambique,1,Mubarak,1,Multilateralism,2,Mumbai,1,Muslim Brotherhood,2,Mutual Funds,2,Myanmar,30,NAFTA,3,NAM,2,Namibia,1,Nanotechnology,4,Narendra Modi,4,NASA,14,NASDAQ,1,National Identification Card,1,National Security,5,Nationalism,2,NATO,34,Natural Disasters,16,Natural Gas,33,Natural Language Processing,1,Nauru,1,Naval Aviation,1,Naval Base,5,Naval Engineering,24,Naval Intelligence,2,Naval Postgraduate School,2,Naval Warfare,50,Navigation,2,Navy,23,NBC Warfare,2,NDC,1,Nearshoring,1,Negotiations,2,Nepal,13,Netflix,1,Neurosciences,7,New Caledonia,1,New Delhi,4,New Normal,1,New York,5,New Zealand,7,News,1333,News Publishers,1,Newspaper,1,NFT,1,NGO,1,Nicaragua,1,Niger,3,Nigeria,10,Nikki Haley,1,Nirbhaya,1,Noble Prize,1,Non Aligned Movement,1,Non Government Organization,4,Nonproliferation,2,North Africa,23,North America,56,North Korea,60,Norway,5,NSA,1,NSG,2,Nuclear,41,Nuclear Agreement,32,Nuclear Doctrine,2,Nuclear Energy,7,Nuclear Fussion,1,Nuclear Propulsion,2,Nuclear Security,47,Nuclear Submarine,1,NYSE,2,Obama,3,ObamaCare,2,OBOR,15,Ocean Engineering,1,Oceania,2,OECD,5,OFID,5,Oil & Gas,388,Oil Gas,7,Oil Price,77,Olympics,2,Oman,25,Omicron,1,Oncology,1,Online Education,5,Online Reputation Management,1,OPEC,130,Open Access,1,Open Journal Systems,2,Open Letter,1,Open Source,4,OpenAI,2,Operation Unified Protector,1,Operational Research,4,Opinion,709,Opinon Poll,1,Optical Communications,1,Pacific,5,Pakistan,183,Pakistan Air Force,3,Pakistan Army,1,Pakistan Navy,3,Palestine,27,Palm Oil,1,Pandemic,84,Papal,1,Paper,3,Papers,110,Papua New Guinea,2,Paracels,1,Partition,1,Partnership,1,Party Congress,1,Passport,1,Patents,2,PATRIOT Act,1,Payment Orchestration,1,Peace Deal,6,Peacekeeping Mission,1,Pension,1,People Management,1,Persian Gulf,19,Peru,6,Petrochemicals,1,Petroleum,19,Pharmaceuticals,15,Philippines,19,Philosophy,2,Photos,3,Physics,1,Pipelines,6,PLA,2,PLAN,4,Plastic Industry,2,Poland,8,Polar,1,Policing,1,Policy,8,Policy Brief,6,Political Studies,1,Politics,56,Polynesia,3,Pope,1,Population,7,Portugal,1,Poverty,8,Power Transmission,6,Preprint,1,President APJ Abdul Kalam,2,Presidential Election,35,Press Release,158,Prison System,1,Privacy,18,Private Debt Fund,1,Private Equity,3,Private Military Contractors,2,Privatization,1,Programming,1,Project Management,4,Propaganda,5,Protests,14,Psychology,3,Public Policy,55,Public Relations,1,Public Safety,7,Publications,1,Publishing,8,Purchasing Managers' Index,1,Putin,7,Q&A,1,Qatar,114,QC/QA,1,Qods Force,1,Quad,1,Quantum Computing,4,Quantum Physics,4,Quarter Results,2,Racial Justice,2,RADAR,2,Rahul Guhathakurta,4,Railway,9,Raj,1,Ranking,4,Rape,1,RBI,1,RCEP,2,Real Estate,7,Recall,4,Recession,2,Red Sea,6,Referendum,5,Reforms,18,Refugee,23,Regional,4,Regulations,2,Rehabilitation,1,Religion,1,Religion & Spirituality,9,Renewable,18,Report,4,Reports,54,Repository,1,Republicans,3,Rescue Operation,2,Research,5,Research and Development,25,Restructuring,1,Retail,36,Revenue Management,1,Revenue-based Financing,1,Rice,1,Risk Management,5,Robotics,8,Rohingya,5,Romania,3,Royal Canadian Air Force,1,Rupee,1,Russia,328,Russian Navy,6,Saab,1,Saadat,1,SAARC,6,Safety,1,SAFTA,1,SAM,2,Samoa,1,Sanctions,6,SAR,1,SAT,1,Satellite,14,Saudi Arabia,130,Scandinavia,6,Science & Technology,407,Science Fiction,1,SCO,5,Scotland,6,Scud Missile,1,Sea Lanes of Communications,4,SEBI,4,Securities,2,Security,6,Semiconductor,21,Senate,4,Senegal,1,SEO,5,Serbia,4,Services Sector,1,Seychelles,3,SEZ,1,Shadow Bank,1,Shale Gas,4,Shanghai,1,Sharjah,12,Shia,6,Shinzo Abe,1,Shipping,11,Shutdown,2,Siachen,1,Sierra Leone,1,Signal Intelligence,1,Sikkim,5,Silicon Valley,1,Silk Route,6,Simulations,2,Sinai,1,Singapore,17,Situational Awareness,20,Small Modular Nuclear Reactors,1,Smart Cities,7,Smartphones,1,Social Media,1,Social Media Intelligence,40,Social Policy,40,Social Science,1,Social Security,1,Socialism,1,Sociology,1,Soft Power,1,Software,8,Software Engineering,1,Solar Energy,17,Somalia,5,South Africa,20,South America,55,South Asia,498,South China Sea,36,South East Asia,84,South Korea,68,South Sudan,4,Sovereign Wealth Funds,1,Soviet,2,Soviet Union,9,Space,47,Space Station,3,Spaceflight,1,Spain,9,Special Education,1,Special Forces,1,Sports,3,Sports Diplomacy,1,Spratlys,1,Sri Lanka,26,Stablecoin,1,Stamps,1,Startups,43,State,1,State of the Union,1,Statistics,1,STEM,1,Stephen Harper,1,Stock Markets,29,Storm,2,Strategy Games,5,Strike,1,Sub-Sahara,4,Submarine,16,Sudan,6,Sunni,6,Super computing,1,Supply Chain Management,48,Surveillance,13,Survey,5,Sustainable Development,18,Swami Vivekananda,1,Sweden,4,Switzerland,6,Syria,114,Taiwan,34,Tajikistan,12,Taliban,17,Tamar Gas Fields,1,Tamil,1,Tanzania,4,Tariff,5,Tata,3,Taxation,25,Tech Fest,1,Technology,13,Tel-Aviv,1,Telecom,24,Telematics,1,Territorial Disputes,1,Terrorism,78,Testing,2,Texas,3,Thailand,12,The Middle East,665,Think Tank,317,Tibet,3,TikTok,2,Tim Walz,1,Tobacco,1,Tonga,1,Total Quality Management,2,Town Planning,3,TPP,2,Trade Agreements,14,Trade War,10,Trademarks,1,Trainging and Development,1,Transcaucasus,22,Transcript,4,Transpacific,2,Transportation,47,Travel and Tourism,16,Tsar,1,Tunisia,7,Turkey,75,Turkmenistan,10,U.S. Air Force,3,U.S. Dollar,2,UAE,140,UAV,23,UCAV,1,Udwains,1,Uganda,1,Ukraine,117,Ukraine War,30,Ummah,1,UNCLOS,7,Unemployment,2,UNESCO,1,UNHCR,1,UNIDO,2,United Kingdom,86,United Nations,29,United States,788,University and Colleges,4,Uranium,2,Urban Planning,10,US Army,12,US Army Aviation,1,US Congress,1,US Dollar,1,US FDA,1,US Navy,18,US Postal Service,1,US Senate,1,US Space Force,2,USA,16,USAF,22,USV,1,UUV,1,Uyghur,3,Uzbekistan,13,Valuation,1,Vatican,3,Vedant,1,Venezuela,22,Venture Capital,4,Vibrant Gujarat,1,Victim,1,Videogames,1,Vietnam,26,Virtual Reality,7,Vision 2030,1,VPN,1,Wahhabism,3,War,1,War Games,1,Warfare,1,Water,18,Water Politics,8,Weapons,11,Wearable,2,Weather,2,Webinar,1,WeChat,1,WEF,3,Welfare,1,West,2,West Africa,19,West Bengal,2,Western Sahara,2,Whales,1,White House,1,Whitepaper,2,WHO,3,Wholesale Price Index,1,Wikileaks,2,Wikipedia,3,Wildfire,1,Wildlife,3,Wind Energy,1,Windows,1,Wireless Security,1,Wisconsin,1,Women,10,Women's Right,14,Workers Union,1,Workshop,1,World Bank,40,World Economy,33,World Peace,10,World War I,1,World War II,3,WTO,6,Wyoming,1,Xi Jinping,9,Xinjiang,2,Yemen,29,Yevgeny Prigozhin,1,Zbigniew Brzezinski,1,Zimbabwe,2,
ltr
item
IndraStra Global: Global Natural Gas Prices Continue to Soar
Global Natural Gas Prices Continue to Soar
An Analysis by the Al Attiyah Foundation
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9oqughe-W2g0u2KowerlJ1Jy2R-Yc6IxWmZ_u1jiUQ3kzYNXGS6Co2cEth4UdNebXXwTYApTYT5J_-_xrQyuX-20aXppcKnvZacRFrDv7HcKeF5AIizcMni4noYZVVnkSmqRBL7N310g/w640-h360/9.jpg
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9oqughe-W2g0u2KowerlJ1Jy2R-Yc6IxWmZ_u1jiUQ3kzYNXGS6Co2cEth4UdNebXXwTYApTYT5J_-_xrQyuX-20aXppcKnvZacRFrDv7HcKeF5AIizcMni4noYZVVnkSmqRBL7N310g/s72-w640-c-h360/9.jpg
IndraStra Global
https://www.indrastra.com/2021/07/global-natural-gas-prices-continue-to.html
https://www.indrastra.com/
https://www.indrastra.com/
https://www.indrastra.com/2021/07/global-natural-gas-prices-continue-to.html
true
1461303524738926686
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content