Henry Hub
Day change: $0.059, up 1.9% | Settle: $3.128 | July 2021
TTF
Day change: $0.466, up 4.9% | Settle: $9.938 | July 2021
JKM
Day change: $0.175, up 1.6% | Settle: $10.850 | July 2021
Platts: hotter-than-normal weather boosted gas burn for power generation to 37.4 bcf/d, up about 4 bcf/d from last week.
LNG feedgas noms are down sharply to 8.8 bcf/d from 10.8 bcf/d last week.
Shell and Oman LNG have agreed to deliver the country’s first carbon neutral LNG cargo using nature-based carbon credits.
China is experiencing coal shortages as power demand surged 14% y/y on economic recovery and stricter environmental/safety rules curbing available supply.
Pembina agreed to buy a 50% stake in the proposed 3 mtpa Cedar LNG Project for $90 million in British Columbia in partnership with the Haisla Nation.
Plains All American has agreed to sell its Southern Pines Prairie natural gas storage facility for $850 million to an affiliate of Hartree Partners.
Source: Tellurian
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