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 – March 20

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 (13 March – 17 March) rose to late USD 14/MBtu on 13 March from USD 14/MBtu the previous week on the heels of higher European gas prices.

RELATED POSTS

LNG-prices

Review of natural gas and LNG prices

22 hours 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

The price then fell for three consecutive business days, dropping to USD 13/MBtu on 16 March, due to firm inventory levels, weak demand from Northeast Asian end-users, and a slowdown in competition for LNG cargoes in anticipation of weak demand in Europe.

On 17 March, JKM rose to mid-USD 13s on spot cargo procurement, especially from Taiwan. According to METI, Japan’s LNG inventories for power generation totaled 2.28 million tonnes as of 12 March, up 0.16 million tonnes from the previous week, up 0.75 million tonnes from the end of the same month last year and up 0.31 million tonnes from the average of the past five years.

The European gas price TTF fell to USD 13.3/MBtu by March 15 from USD 16.4/MBtu the previous week due to high gas inventories, mild weather, and strikes at French LNG terminals, but rose to USD 13.9/MBtu the following day on the back of reports of the Swiss National Bank loan to Credit Suisse Bank, which partially alleviated concerns of an economic downturn affecting gas demand.

On 17 March, the resumption of operations at French Dunkerque LNG eased the supply-demand crunch and the TTF fell to USD 13.3/MBtu. ACER published the 17 March spot LNG assessment price for delivery in the EU at EUR 41.55/MWh (equivalent to USD 12.94/MBtu).

According to AGSI+, the European underground gas storage rate as of 17 March was 55.7%, down from 56.9% the previous week.

The U.S. gas price HH rose to USD 2.6/MBtu on 13 March from USD 2.4/MBtu the previous week before falling for two consecutive business days to USD 2.4/MBtu on 15 March on increased supply and mild weather expectations.

HH rose to USD 2.5/MBtu the next day, but fell to USD 2.3/MBtu on 17 March following bullish sentiment on supply and an increase in renewable energy generation.

On 13 March, Venture Global announced the final investment decision for the second phase of Plaquemines LNG. According to the EIA Weekly Natural Gas Storage Report released on 16 March, the U.S. natural gas underground storage on 10 March was 1,972 Bcf, down 58 Bcf from the previous week, up 35.9% from the same period last year, and up 23.7% from the historical five-year average.

Updated 20 March 2023

Source: JOGMEC


RELATED POSTS

LNG-prices

Review of natural gas and LNG prices

22 hours 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

22 hours 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.