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Platts Snapshot Video

Standoff between Russia, US over Europe's gas market share

February 02, 2016 (3:53)

Stuart Elliott reports on the likelihood of Russia attempting to mirror in the European gas market the strategy undertaken by Saudi Arabia in the oil market.

News Feature: Global Gas Update

February 02, 2016
The power market landscape in Texas is echoing problems seen in Europe and could have repercussions for the future of natural gas-fired projects.
Also in this feature
Ukraine, Russia widen gas disputes
The fate of pipeline flows linking Russia with the rest of Europe has become a central part of the energy conflicts between Russia and Ukraine.
Australia's North West Shelf completes project
Australia's North West Shelf LNG joint venture completed its Greater Western Flank phase one project under budget and ahead of schedule in the fourth quarter of 2015.

News Headlines

London (Platts)--11 Feb 2016 955 am EST/1455 GMT
Maximum withdrawal capacity at the UK's largest natural gas storage facility, Rough, has been revised lower by Centrica Storage Ltd.
London (Platts)--10 Feb 2016 522 pm EST/2222 GMT
The startup of US LNG exports, some of which will be headed for Europe, will shift market dynamics, creating a much more competitive European gas market, a senior official from US LNG pioneer Cheniere Energy said Wednesday.
More Headlines


December 16, 2015
Europe is facing a new conflict: Platts editors discuss a potential gas price war between US LNG and Russian pipeline gas.
December 08, 2015
Examining the history of oil-indexation of natural gas, factors behind the region's increasing preference to hub-pricing, and how new LNG supply is likely to further displace oil-indexed gas.
December 02, 2015
Gulf Coast petrochemical players acknowledge increasing competitiveness from US shale gas derived olefins and Chinese coal-to-olefin projects, but remain confident in their position as polyolefin cost leaders.
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Price Focus

Spot natural gas prices in the US Gulf Coast made small moves in either direction Monday on cooler-than-normal weather forecasts around the country and weakness in the NYMEX February futures contract. The cash price at Henry Hub edged a couple of cents lower to average around $2.90/MMBtu on IntercontinentalExchange. New Orleans is forecast to see highs in the mid-50s Jan 13, about 7 degrees below normal.

The Barrel Blog

February 10, 2016
Before diving into the current state of the world LNG market, Chris Pedersen takes a step back and looks at how we got to where we are today.
January 08, 2016
For the first time in history the marginal cost of producing plastics in Europe will not be determined by the value of crude oil, but by the price of US gas.
December 17, 2015
This year has indeed been a year that some people -- such as consumers -- will want to remember, while others -- namely, producers -- will want to forget.
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North American Natural Gas Markets methodology

Published November 2014

Platts' methodology for assessing North American gas markets has developed over a number of years. It draws on our experience in the global energy markets. Platts sets great importance on producing independent reports and assessments.

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