Prices at the hubs:
Henry Hub
Day change: $0.026, down 0.9% | Settle: $2.727 | February 2021
TTF
Day change: $1.657, down 17.8% | Settle: $7.670 | February 2021
JKM
Day change: $1.130, down 5.7% | Settle: $18.570 | February 2021
Good to the last drop: Japan’s Kyushu EPCO is buying the 2,000-4,000 tonnes of LNG remaining in tankers after each discharge to secure precious fuel.
Japan’s utilities have begged customers to conserve heat and turn off appliances as its electricity system hit 99% of its maximum capacity in parts of the country, but these crazy prices won’t last forever as warmer weather is on the horizon
Ice ice baby: Novatek said it will begin early piloting of LNG tankers through part of the Northern Sea Route in February to take advantage of high spot prices. However it’s not clear how they will accomplish this impressive feat through the dead of winter in a polar vortex
Qatar Petroleum increased its planned CCS capacity to 7 mtpa by 2030 from a previous target of 2 mtpa; QP also aims to cut GHG emissions from LNG by 25% and from its upstream operations by 75% by 2030
India’s Essar plans to invest GBP750 mm in two hydrogen plants in the UK using gas from a refinery, converting it to H2 and storing CO2 at a depleted gas field…
Meanwhile Total and Engie agreed to build a 40 MW electrolyser that will produce green hydrogen from 2024; the project will only be viable if it receives financial support from French and EU authorities
Source: Tellurian
