global-hydrogen-hub global-hydrogen-hub global-hydrogen-hub
Global LNG Hub Logo
No Result
View All Result
  • Login
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Cart / €0.00

No products in the cart.

  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Global LNG Hub
No Result
View All Result
Home LNG Contracts & Pricing

Weekly trend of natural gas and LNG prices – February 27

Editor by Editor
2 years ago
Reading Time: 2 mins read
LNG-prices
Share on FacebookShare on TwitterShare on Linkedin

The Northeast Asian assessed spot LNG price JKM for the previous week (20 February – 24 February) rose to USD 15/MBtu on 20 February from USD 14/MBtu the previous week due to several tenders for prompt delivery cargoes issued by major Indian buyers, but fell to USD 14/MBtu on the next day due to lower purchasing interest from JKTC. JKM then rose for three consecutive business days to USD 15/MBtu on 24 February as demand for prompt delivery cargoes in South and Northeast Asia emerged.

RELATED POSTS

LNG-prices

Review of natural gas and LNG prices

1 day ago
LNG-sabine-pass

Feedgas flows to Sabine Pass, the largest LNG export plant in the US, down by 33%

1 week ago
LNG-prices

Review of natural gas and LNG prices

1 week ago

According to METI, Japan’s LNG inventories for power generation totaled 2.63 million tonnes as of 19 February, up 0.06 million tonnes from the previous week, up 0.94 million tonnes from the end of the same month last year and up 0.65 million tonnes from the average of the past five years.

The European gas price TTF slightly rose to USD 15.5/MBtu on 20 February from USD 15.3/MBtu the previous week, despite warm weather, strong UK wind output, high gas inventories, and the resumption of US Freeport LNG operation.

TTF fell to USD 15.2/MBtu the next day, but rose for three consecutive business days to USD 15.8/MBtu on 24 February due to lower capacity at a Norwegian gas processing plant, annual maintenance at a gas field, and forecasts of below-normal temperatures across Europe over the next two weeks.

ACER published the 24 February spot LNG assessment price for delivery in Northwest Europe at EUR 44.80/MWh (equivalent to USD 13.88/MBtu), down EUR 3.08/MWh from the previous week. According to AGSI+, the average European underground gas storage rate as of 24 February was 62.67%, down from 64.28% the previous week.

The U.S. gas price HH fell to USD 2.1/MBtu on 21 February from USD 2.3/MBtu the previous week due to mild weather and limited inventory withdrawals.

HH then rose for two consecutive business days to USD 2.3/MBtu on 23 February, following an announcement by Chesapeake Energy that it would slightly reduce production in 2023. The next day, HH rose further to USD 2.5/MBtu, despite sluggish demand and stable supply.

On 21 February, Freeport LNG announced that it has received regulatory approval to resume commercial production of trains 1 and 2. According to the EIA Weekly Natural Gas Storage Report released on 23 February, the U.S. natural gas underground storage on 17 February was 2,195 Bcf, down 71 Bcf from the previous week, up 21.9% from the same period last year, and up 15.2% from the historical five-year average.

Updated 27 February 2023

Source: JOGMEC


RELATED POSTS

LNG-prices

Review of natural gas and LNG prices

1 day ago
LNG-sabine-pass

Feedgas flows to Sabine Pass, the largest LNG export plant in the US, down by 33%

1 week ago
LNG-prices

Review of natural gas and LNG prices

1 week ago
Tags: Asian LNG demandFreeport LNGHenry Hub pricesJKM price indexJOGMECLNG cargoesspot LNG pricesTTF gas price
Editor

Editor

Related Posts

LNG-prices
LNG Contracts & Pricing

Review of natural gas and LNG prices

1 day ago
LNG-sabine-pass
LNG Contracts & Pricing

Feedgas flows to Sabine Pass, the largest LNG export plant in the US, down by 33%

1 week ago
LNG-prices
LNG Contracts & Pricing

Review of natural gas and LNG prices

1 week ago
LNG-prices
LNG Contracts & Pricing

Review of natural gas and LNG prices

2 weeks ago
global-gas-market
LNG Contracts & Pricing

Europe’s exposure to a wild and volatile global gas market

3 weeks ago
LNG-prices
LNG Contracts & Pricing

Review of natural gas and LNG prices

4 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

LNG-sabine-pass

Feedgas flows to Sabine Pass, the largest LNG export plant in the US, down by 33%

June 4, 2025
LNG-prices

Review of natural gas and LNG prices

June 11, 2025
LNG-prices

Review of natural gas and LNG prices

May 28, 2025

Recent Post

LNG-prices

Review of natural gas and LNG prices

June 11, 2025
LNG-sabine-pass

Feedgas flows to Sabine Pass, the largest LNG export plant in the US, down by 33%

June 4, 2025
LNG-prices

Review of natural gas and LNG prices

June 4, 2025
feedgas-LNG

LNG feed gas dips; JERA deal propels Rio Grande train 5 toward FID

May 31, 2025
LNG-prices

Review of natural gas and LNG prices

May 28, 2025
global-gas-market

Europe’s exposure to a wild and volatile global gas market

May 20, 2025
LNG-HUB-Logo

Online platform for sharing analysis and information on Global and regional LNG markets. Weekly newsletter each Wednesday more info

Categories

  • Asian LNG
  • Australian LNG
  • European LNG
  • Global LNG
  • LNG Africa
  • LNG Bunkering
  • LNG Latin America
  • LNG North America
  • LNG Projects
  • LNG Trade and Pricing
  • Middle East LNG
  • Small Scale LNG
  • FLNG

Recent Posts

Review of natural gas and LNG prices

Feedgas flows to Sabine Pass, the largest LNG export plant in the US, down by 33%

Review of natural gas and LNG prices

Energise your Wednesday!

Sign up to receive our weekly newsletter with new LNG market reports, presentations & analysis. Every Wednesday!

Your subscription could not be saved. Please try again.
Your subscription has been successful.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 GlobalLngHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login

© 2020 GlobalLngHub | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.