The Middle East conflict already caused a cumulative loss of 120 bcm of LNG supply over the 2026-30 period, altering the medium-term outlook in addition to the short-term supply disruption. LNG exports from Qatar and the UAE dropped by close to 20 bcm yoy since the effective closure of the Strait of Hormuz, which naturally […]
Natural gas prices showed mixed movement last week, with Asian LNG (JKM) and European gas (TTF) rising on supply concerns, while U.S. Henry Hub prices declined slightly amid sufficient inventories. Asia – JKM The Northeast Asian assessed spot LNG price JKM for last week (20–24 April) rose to low-USD 17s/MBtu on 24 April (June delivery) […]
Natural gas prices were mixed last week, with JKM and TTF declining on easing geopolitical concerns and weak demand, while Henry Hub edged higher. The latest weekly trend reflects softer sentiment in Asia and Europe, alongside modest gains in the U.S. market. Asia – JKM The Northeast Asian assessed spot LNG price JKM for last […]
LNG bunkering markets have turned highly volatile following the closure of the Strait of Hormuz, with prices surging and regional dynamics diverging sharply between Asia and Europe. In our latest Fearnleys Quarterly SSLNG report, we examine the impact of the closure of the Straits of Hormuz on the bunker market. As the graph below illustrates, […]
Asian LNG demand is weakening as supply disruptions, price volatility, and geopolitical risks undermine confidence in gas as a reliable transition fuel across the region. The ongoing Iran conflict has exposed structural vulnerabilities in LNG supply, with lasting implications for how Asian economies approach energy security. Asian LNG demand hit immediately as imports fell to […]
Natural gas prices fell across Asia, Europe and the United States last week, with JKM, TTF and Henry Hub all moving lower amid easing supply-demand pressure and warmer weather. The decline followed a brief spike linked to Middle East tensions before markets softened again later in the week. Asia – JKM The Northeast Asian assessed […]
LNG geopolitics remain under pressure despite a temporary U.S.-Iran ceasefire, with a full resumption of LNG production from the Gulf unlikely. While some cargoes may exit the Strait of Hormuz, operators lack the confidence needed to restart production, keeping supply risks elevated. LNG geopolitics continues to be shaped by instability in the Strait of Hormuz, […]
LNG carriers are caught between a short-term freight spike and a medium-term oversupply risk tied to disrupted Qatari export volumes. The situation in the Middle East raises a challenging question: does the disruption mean more ships are needed, or fewer? Since late-February strikes on Iran, the Strait of Hormuz, handling ~22% of global LNG exports, […]
Waha gas prices averaged a record low of minus $3.7/mmbtu in March as the Permian hub continued to suffer from insufficient takeaway capacity. Gas prices at Waha averaged at a record low of minus $3.7/mmbtu in March, as the most famous Permian hub continues to suffer from insufficient takeaway capacity. Could you imagine paying one […]