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 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 March – 24 March) fell to late USD 12s on 20 March from USD 13/MBtu the previous week as a French LNG terminal resumed operations, easing supply concerns in Europe, and European gas spot prices declined.

RELATED POSTS

LNG-sabine-pass

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

4 days ago
LNG-prices

Review of natural gas and LNG prices

4 days ago
LNG-prices

Review of natural gas and LNG prices

2 weeks ago

JKM then rose for two consecutive business days to USD 13/MBtu on 22 March after steady buying bids from China and Thailand and Angola LNG’s cancellation of future bidding plans due to technical problems that reduced its utilization rate.

On 23 March, JKM fell again to the late USD 12s as market participants remained quiet, keeping a close eye on inventory levels in various countries, but demand from India and Thailand supported the price, which rose slightly the next day and remained in the upper USD 12s range.

According to METI, Japan’s LNG inventories for power generation totaled 2.56 million tonnes as of 19 March, up 0.17 million tonnes from the previous week, up 0.93 million tonnes from the end of the same month last year and up 0.49 million tonnes from the average of the past five years.

The European gas price TTF fell to USD 12.4/MBtu on 20 March from USD 13.3/MBtu the previous week as the French Dunkerque LNG resumed operations after a strike and the European underground gas storage rate increased for the second consecutive day.

On 21 March, the price rebounded to USD 13.4/MBtu on the back of the decision to extend strikes at several French LNG terminals, but the following day, the price dropped to USD 12.6/MBtu as the market was balanced as Algerian cargoes diverted from France were supplied to other regions in Europe.

On 23 March, the price rose to USD 13.8/MBtu following another strike at French Dunkerque LNG, but dropped to USD 12.9/MBtu the next day. On 20 March, the European Commission proposed to extend the existing target of a 15% reduction in gas consumption in EU member states until March 2024.

ACER published the 24 March spot LNG assessment price for delivery in the EU at EUR 36.39/MWh (equivalent to USD 11.46/MBtu).

According to AGSI+, the European underground gas storage rate as of 24 March was 55.8%, up from 55.7% the previous week.

The U.S. gas price HH fluctuated but maintained in the low USD 2s from USD 2.3/MBtu the previous week, reflecting changes in temperature and demand forecasts in the U.S. and was USD 2.2/MBtu on 24 March.

On 20 March, Sempra Infrastructure announced the FID for Port Arthur LNG Phase 1 (13MTPA) in Texas.

According to the EIA Weekly Natural Gas Storage Report released on 23 March, the U.S. natural gas underground storage on 17 March was 1,900 Bcf, down 72 Bcf from the previous week, up 36.1% from the same period last year, and up 22.7% from the historical five-year average.

Updated 27 March 2023

Source: JOGMEC


RELATED POSTS

LNG-sabine-pass

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

4 days ago
LNG-prices

Review of natural gas and LNG prices

4 days ago
LNG-prices

Review of natural gas and LNG prices

2 weeks ago
Tags: Asian LNG demandFreeport LNGHenry Hub pricesJKM price indexJOGMECLNG cargoesspot LNG pricesTTF gas price
Editor

Editor

Related Posts

LNG-sabine-pass
LNG Contracts & Pricing

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

4 days ago
LNG-prices
LNG Contracts & Pricing

Review of natural gas and LNG prices

4 days 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
LNG-prices
LNG Contracts & Pricing

Review of natural gas and LNG prices

1 month 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

May 14, 2025
LNG-prices

Review of natural gas and LNG prices

May 28, 2025

Recent Post

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-prices

Review of natural gas and LNG prices

May 14, 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

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

Review of natural gas and LNG prices

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

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.