Did Europe’s surging LNG demand in 2022 boost global spot LNG trade? Actually no. Preliminary ICIS cargo-by-cargo LNG analysis indicates that the share of spot LNG fell in 2022 to around 27%, down from 32% in 2021. The number of cargoes sold on a spot basis was very similar to 2021 – but with less […]
Despite all the wild price swings and record volatility, global gas price correlation remained strong in 2022, highlighting the increasingly globalised nature of gas trading. The correlation between TTF and Asian spot LNG prices has certainly weakened compared to the previous years, to a factor of just 0.82. This is still a very strong correlation, […]
Henry Hub prices dipped below the $3/mmbtu mark today, for the first time since May21. Unseasonably mild winter is to blame for this wild, wild bear run… Heating degree days were down by 20% yoy since the start of 2023, weighing on residential and commercial demand, which dropped by a whooping 25%. Storage levels returning […]
Mauritania/Senegal is on track to begin LNG exports by the end of this year as BP’s floating production, storage and offloading (FPSO) vessel departs for the Gulf of Guinea from Qidong, China according to ship tracking data from Refintiv. The FPSO is a key part of the major integrated GTA development that also includes subsea development […]
The Northeast Asian assessed spot LNG price JKM for the previous week (16 January – 20 January) fell for two consecutive business days to USD 18.4/MBtu on 17 January from USD 21.8/MBtu the previous week amid relatively mild winter temperatures in Asia and a lull in spot trading ahead of the Chinese New Year holiday […]
Freeport LNG reported that it has “completed repairs” at its export terminal and asked for approval to start cooling down its Loop 1 LNG Transfer piping. They have not yet asked to start circulating LNG, loading LNG or for the startup of liquefaction onsite. Source : Criterion Research
The Northeast Asian assessed spot LNG price JKM for the previous week (9 January – 13 January) rose slightly on 9 January from USD 23/MBtu the previous week, but then fell for three consecutive business days to USD 21/MBtu on 12 January due to thin trading and steady inventory levels. On 13 January, JKM rose […]
The Northeast Asian assessed spot LNG price JKM for the previous week (2 January – 6 January) fell for the third consecutive business day to USD 21/MBtu on 5 January from USD 28/MBtu on 30 December, as weak demand and some end-users in the region turned to sell to hold off on spot purchases. On […]
In the fourth quarter of 2022, average European and Asian prices fell back compared to the previous year. European prices have been extremely volatile in the short term, with periods of dramatic, weather-driven declines reports CEDIGAZ The TTF price has fallen over the last four weeks to pre-war levels in Ukraine, a sign of unexpected […]