The Northeast Asian assessed spot LNG price JKM for the previous week (10-14 October) dropped to USD 27/MBtu on 10 October from USD 28/MBtu the previous week, as winter procurement in Japan, China and Korea was almost complete and inventory levels seemed adequate. It then rose to USD 30/MBtu on 11 October due to supply […]
The Northeast Asian assessed spot LNG price JKM for the previous week (3-7 October) was on a downtrend due to high inventory levels and weak demand, falling to USD 29/MBtu on 5 October, from USD 37/MBtu the previous week. Later, when a force majeure declaration was issued due to a gas pipeline leak in Malaysia […]
Europe’s pivot away from Russian gas and towards LNG has driven a reorientation of trade flows reducing tonne-miles, as flexible Atlantic Basin cargoes increasingly remain within basin. While this contributed to the collapse in charter rates in early 2022, the Spark Atlantic spot freight assessment (30S, 160 TFDE) has reached a record high of 341 […]
The Northeast Asian assessed spot LNG price JKM for the previous week (26-30 September) fell to USD 35/MBtu on 26 September from USD 38/MBtu the previous week due in part to weak prompt cargo demand and healthy stock for peak winter demand in Northeast Asia. It then rose to USD 40/MBtu on 28 September, fueled […]
Freeport LNG confirmed to us yesterday that “the November timeline for our restart remains unchanged.” The expectation is for Freeport to begin ramping up in early to mid-November and reach 2 Bcf/d by the end of the month. Source: Criterion Research
Gas prices moderated down in September, both in Europe and Asia amidst continued demand destruction. In Europe, TTF averaged at $56/mmbtu, its second highest monthly level although down by almost 20% compared to August. meanwhile NBP traded at a hefty discount of over $25/mmbtu compared to TTF due to greater access to LNG and lower […]
LNG spot charter rates more than tripled since the start of September, to hit over $300,000/day in the Atlantic basin and over $250,000 in the Pacific. This is around three times the charter rates we have seen a year ago at the beginning of the heating season. Europe’s insatiable thirst for LNG is the key […]
The assessed spot LNG price for near-month delivery to Northeast Asia, JKM rose to USD 63 per million Btu on 5 September due to supply concerns in Europe, but fell to USD 46 on the following day as demand declined. JKM further fell sharply to USD 39 on 8 September on sluggish demand and talks […]
The Northeast Asian assessed spot LNG price JKM for the previous week (12-16 September) fell from USD 44/MBtu the previous week to USD 37/MBtu on 13 September due to continued weak buying interest and a switch from gas to coal due to high LNG prices and a prolonged lockdown in China. JKM then turned higher […]