Germany is poised to begin commissioning work at its first floating LNG import, enabling the EU powerhouse to receive direct LNG imports for the first time. The country has long held the ambition to install LNG terminals on its northern coast, but Russia’s invasion of Ukraine and subsequent cuts in pipeline deliveries lent new momentum […]
Freeport LNG updated the timing of the initial restart of its liquefaction facility. The company continues to make notable progress on its path towards the restart of liquefaction operations. As of December 23rd, the reconstruction work necessary to commence initial operations is substantially complete, and the company is submitting responses to the last remaining questions […]
The Asian premium is coming back: JKM is now trading above TTF for Feb23 delivery, for the first time since Russia’s brutal invasion of Ukraine. But how structural is this change? In Europe, TTF prices fell sharply in recent days amidst unseasonably mild weather, high storage levels (standing 10 bcm above their 5y average) and […]
It’s that time of year for the 2022 review charts – this one may be a little obvious but still very striking. France and Spain have knocked Taiwan and India out of the top 4 LNG importers this year on Europe’s rising demand, and with Indian consumption in part reduced by high spot LNG prices. […]
The Northeast Asian assessed spot LNG price JKM for the previous week (12 December-16 December) fell to USD 34/MBtu on 12 December from USD 36/MBtu the previous week as year-end trading slowed. The price then rose for three consecutive days to hit USD 38/MBtu on 15 December due to cold weather in the Northeast Asia, […]
Europe becoming the top destination for spot LNG cargoes has been one of the main developments on the global gas market in 2022, if not the main one. Permanently high prices at the European gas hubs throughout this year have made it practically impossible for most buyers from outside the region to compete successfully for […]
Russian LNG to Europe mainly goes to France & Spain where TotalEnergies / Naturgy hold long-term contracts with NOVATEK/Yamal LNG. UK embargo stopped imports by April 2022 whilst volumes to EU grew over 2022. We observe a remarkable increase to Belgium in Nov 2022 and December (estimated). Overall, Russia makes around 13% of 2022 EU LNG […]
The Northeast Asian assessed spot LNG price JKM for the previous week (5 December-9 December) rose to USD 36/MBtu on 5 December due to emerging prompt demand due to cold weather in North Asia, from USD 33/MBtu the previous week. It then fell to USD 35/MBtu on 6 December, supported by a mild weather forecast […]
The Northeast Asian assessed spot LNG price JKM for the previous week (28 November-2 December) fell to USD 31/MBtu on 28 November due to weak spot demand in Asian countries, amid high LNG inventories and mild weather, from USD 32/MBtu the previous week. The price rose for three consecutive days and hit USD 38/MBtu on […]