Natural gas prices continued their downward trend in May amidst subdued demand and improving supply fundamentals. In Europe, TTF month-ahead prices were down by 65% compared to last year, averaging at $10/mmbtu. Lower demand (-9%), strong LNG inflows and high storage levels (nearly 70% full) are putting downward pressure on European prices – despite the […]
The Northeast Asian assessed spot LNG price JKM for the previous week (29 May – 2 June) fell from USD 9/MBtu the previous week to late USD 8/MBtu on 30 May, but rose slightly on 1 June on supply concerns due to the re-stoppage of Norway’s Hammerfest LNG and the emergence of demand in Northeast […]
The Northeast Asian assessed spot LNG price JKM for the previous week (22 May – 26 May) fell from the high USD 9s the previous week to the below USD 9/MBtu on 26 May, trending lower due to continued low demand and high inventory levels in Northeast Asia, after a slight up and down. According […]
The Northeast Asian assessed spot LNG price JKM for the previous week (15 May – 19 May) fell from the low USD 10s the previous week to the low USD 9s on 16 May, the lowest since May 2021. With high inventories suppressing demand and buyers watching with an eye toward additional supply from tenders, […]
The Northeast Asian assessed spot LNG price JKM for the previous week (8 May – 12 May) rose for three consecutive days from the high USD 9s of the previous week to low USD 10s as the demand from Thailand and Taiwan. JKM then hovered around USD 10/MBtu until 12 May amid mild weather and […]
Both JKM and TTF fell below the oil-indexed price range, marking a significant shift in market fundamentals. TTF and JKM prices dropped by over 70% since mid-December to their lowest levels since early July 2021. Mild winter weather, sluggish demand combined with improving LNG availability (Freeport return) and high storage levels are putting downward pressure […]
Asian LNG prices have fallen in tandem with European gas prices recently, with spot JKM dropping below 11 $/mmbtu for the first time in almost 2 years. These lower levels are more attractive to price sensitive spot buyers (e.g. in South & SE Asia), while increased Chinese downstream demand has led to Chinese buyers taking […]
Natural gas May futures as of publication are down $0.01/MMBtu to $2.23/MMBtu, but have been in and out of positive territory this morning (May 9). Gas flows to US LNG export plants have dropped to near 12 Bcf/D so far, continuing the decrease from the highs in April. Just about every export terminal has reported […]
The European gas price TTF rose slightly to USD 12.5/MBtu on 1 May from USD 12.4/MBtu the previous week before falling to USD 11.8/MBtu on 5 May due to abundant supplies, mild weather and ample underground gas storage. ACER published the 5 May spot LNG assessment price for delivery in the EU at EUR 30.1/MWh […]