The ACCC publishes the LNG netback price series as one of the measures to improve transparency of gas prices in the Australian east coast gas market. The LNG netback price series includes: historical monthly LNG netback prices at the Wallumbilla Gas Supply Hub (Wallumbilla) in Queensland, dating back to January 2016 based on a measure […]
To save your time, here is just a short brief. Actually, it will be enough to run through the graphs below so that you see how fast LNG suppliers have reacted to the recent changes in price environment. As recently as July 2021, European terminals received around 4.5 Mt of LNG, but amid a significant […]
If you pay the price, the LNG will come. This afternoon (January 26) European LNG imports reached a record monthly high of over 8.1m tonnes, according to ICIS LNG Edge. The actual total for January ’22 will be far higher with 27 cargoes still due into European terminals over the next few days. LNG’s share […]
It is a well-known story that high European price premiums have been redirecting LNG exports from Asia to Europe – the data shown in the graph below does well to depict this short-term trend. While, globally, the number of Asian LNG imports still surpasses that of Europe by a wide margin (as Asia is a […]
The constraints on LNG supply were a key factor driving the rising wholesale gas prices in 2021 and the healthy margins generated have raised the prospect of more FIDs for new LNG projects After the wave of FIDs in 2019, the approval of new projects dried up as prices fell and the COVID-19 pandemic hit. […]
Rising international tensions between Russia and Ukraine threaten to place the European gas market under additional pressure on top of under-average storage totals. A number of gas pipelines run from Russia, through Ukraine, and into Europe. In the event a full-on invasion occurs, these pipelines – which include the UPU Pipeline – would be at […]
The average price of spot LNG cargoes for delivery to Japan contracted in December 2021 and scheduled to be delivered from the month onward (contract-based price) were USD 33.2/MBtu. The average price of spot LNG cargoes that were contracted and delivered to Japan with the month of December 2021 (arrival-based price) were USD 33.2/MBtu. The […]
LNG imports to Europe could reach a record high in January with the ICIS TTF near curve trading at a rising premium to the ICIS East Asia LNG Index. A total of 5.1m tonnes has arrived into European terminals by 17 January, according to ICIS LNG Edge. A further 53 vessels have been confirmed into […]
European gas prices dropped last week, pressured by the continued easing of the Asian market (which implies LNG supply to Europe will remain strong). Prices received moderate support from the drop in Norwegian supply following the unplanned outage at the Troll field. TTF ICE February 2022 prices were down by €1.20 week-on-week (-1.37%), closing at […]