LNG production margins from the US Gulf Coast to markets around the world varies day by day due to fluctuations in charter costs, agent and insurance fees, and canal costs. The chart shown above seeks to capture the cryo-spread between the Henry Hub and the JKM (Japan-Korea Marker) as well as the NBP (National Balancing […]
5 key takeaways from the just released IEA Gas 2021 report Gas demand growth is slowing down: largely driven by the Asia Pacific region and the industrial and power sectors, gas demand is expected to grow by 2.2% per year between 2020-24 (vs 3% between 2015-19). still stronger policies are needed to put it on […]
TTF Day-Ahead surged by 90pc from the start of Q2. However, market developments on the other side of the globe were in no way less dynamic over the same period. Asia has not only made western buyers unable to come close to competing for spot LNG but has strengthened its ability to draw additional cargoes […]
European gas prices skyrocketed on Tuesday as GTSOU failed to sell monthly interruptible transport capacity at the UA/RU border once again, fuelling concerns over a tight Russian gas supply outlook for July. Indeed, flows through both Yamal and Nord Stream 1 pipelines are due to halt for their annual shutdown (6-10 and 13-23 July respectively) […]
(Source: Timera Energy) Earlier this year we introduced Asia’s share of combined Asian and European LNG import volumes as a barometer of LNG market tightness. Today we look in more detail at two of the marginal sources of swing supply between Asia and Europe, and the % of exports directed at the latter. A higher […]
China became the world’s largest LNG importer in H1 2021 according various shipping sources, including ICIS LNG Edge. China’s LNG imports surged by 28% yoy in the first half of 2021, accounting for over 40% of global LNG import growth and almost all net growth. Strong economic recovery, mandated coal-to-gas switching, low hydro output in […]
Daily feedgas flows to U.S. LNG export facilities rebounded to 11 Bcf/D today. It has been nearly a month since feedgas flows were at this level. U.S. LNG exports have been in the 9-10 Bcf/D range as a result of Springtime maintenance at different export facilities and nearby pipelines since the beginning of May. Maintenance […]
The bullish trend in European and Asian gas prices showed no sign of abating on Tuesday with benchmark TTF and JKM contracts hitting new multi-year highs. TTF time spreads are in unchartered territories: WIN 21-SUM 22 above €10/MWh and Cal 2022-Cal 2023 above €4/MWh. In Europe, rising coal and EUA prices, low inventories levels and […]
Henry Hub Day change: $0.112, down 3.3% | Settle: $3.240 | July 2021 TTF Day change: $0.239, down 2.3% | Settle: $10.245 | July 2021 JKM Day change: Virtually unchanged | Settle: $10.924 | July 2021 Heatwave!! Texas’ ERCOT has requested us Texans to kindly pump our thermostats up to a crispy 78 degrees amid […]