The International Gas Union (IGU) released its 12th annual World LNG Report, the world’s most comprehensive public source of information on key developments and trends in the LNG sector. An exceptional year Much has changed since the release of the 2020 report, when the implications of the COVID-19 pandemic were only just starting to surface. […]
The global liquefied natural gas (LNG) market, which was set to be constantly loose in the second part of this decade, is instead set to get tighter and could even see annual supply deficits as a result of likely delays in the development of LNG projects in Mozambique due to the country’s worsening security situation, […]
Henry Hub Day change: $0.118, up 4.0% | Settle: $3.104 | July 2021 TTF Day change: $0.422, up 4.7% | Settle: $9.332 | July 2021 JKM Day change: $0.250, up 2.4% | Settle: $10.650| July 2021 Baker Hughes weekly gas-directed rig count of 98 (-1 w/w) as of 5/28 where 2 rigs were dropped in […]
U.S. LNG feed gas flows have held above 11.1-11.2 Bcf/d throughout Memorial Day Weekend, with little change as we start June at 11.1 Bcf/d. Source: Criterion Research
European LNG storage levels are still near the five-year average, which tends to bounce between 150-170 Bcf through July 1. Keep in mind, each new cargo arrival can be approx. 3.0-3.3 Bcf, so fluctuations in that range should be expected. Source: Criterion Research
NEW CHART: Global Natgas Spreads (adjusted for U.S. LNG Exports) – updated daily on http://bluegoldtrader.com The spread is the simple arithmetic difference between global natural gas prices and U.S. Henry Hub price + liquefaction cost + liquefaction fee (tolling model). For example, when NBP-HH spread is positive – it means that it is profitable to […]
The current trade tensions between Australia and China create nervousness about whether or not China may target Australian LNG in the same way that it has targeted other exports. China was the second largest market for Australian LNG in 2020 taking 38% of exports. These fears surfaced again with a Bloomberg report on 10 May […]
China depends heavily upon Australia for its energy imports – Australia supports nearly 46% of China’s LNG imports (as of last year) and nearly 70% of its iron ore imports. As tensions between Australia and China continue to mount higher, cracks in this once stable trade relationship are beginning to appear. According to Bloomberg, the […]
Gas prices at the hubs (May 11) Henry Hub Day change: $0.023, up 0.8% | Settle: $2.955 | June 2021 TTF Day change: $0.291, up 3.2% | Settle: $9.277 | June 2021 JKM Day change: $0.005, down 0.1% | Settle: $9.115 | June 2021 Rystad Energy: with the likelihood for significant Mozambique LNG project delays, […]