Weekly Gas Wrap Up

(October 6) PipeChina officially takes over the midstream assets of CNPC, Sinopec and CNOOC, valued at ~$73 billion. market reforms gaining momentum?

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Weekly review of natural gas and LNG prices

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TTF-JKM correlation hit record levels in the first half of 2025

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European LNG imports surge by a staggering 40%

6 days ago

Qatar inks major deal with Baker Hughes to supply main refrigerant compressors for its North Field East project. FID soon?

India slashes domestic gas prices to $1.79/mmbtu -lowest on record. could trigger some coal-to-gas switch?

Total goes gas: 50 mtpa LNG sales by 2025 + gas reaching 50% of sales mix by 2030, with oil dropping to 30%;

Blackstone sells 42% stake in Cheniere to Brookfield and Blackstone Infrastructure for $7B, with windfalls estimated at $5B. not a bad business after all!

Gas Prices:

HenryHub: $1.5/mmbtu,

TTF: $4.1/mmbtu,

JKM: $5/mmbtu

Charters: 58-60k/day