Four U.S. LNG Cargoes Diverted from Asia towards Europe Intra-basin LNG trade in the Atlantic is becoming increasingly prominent following the recent fall in JKM levels. As the USG-FE cargo arbitrage continues to collapse, more vessels laden with U.S. cargoes are now headed towards Europe. According to Kpler, four ex-USGC vessels have changed their trajectory […]
Daily review of natural gas prices – Henry Hub, JKM, TTF – and key market events Gas Prices at the hubs: Henry Hub Day change: $0.286, up 11.2% | Settle: $2.850 | March 2021 TTF Day change: $0.720, down 10.2% | Settle: $6.329 | March 2021 JKM Day change: $0.350, down 3.9% | Settle: $8.820 […]
Further falls in LNG freight rates today with Pacific spot rates now below $100k and the spread between basins continuing to narrow. Source: Spark Commodities Follow on Twitter: [tfws username=”SparkCommo” height=”700″ width=”350″ theme=”light” color=”#FAB81E” tweets=”2″ header=”yes” footer=”yes” borders=”yes” scrollbar=”yes” background=”yes”]
Portugal is running out of options to meet the strong demand for natural gas driven by frigid weather during the 2020-2021 winter. Parts of the country are already facing shortages of the fuel, and the situation is set to deteriorate during the rest of the season. Weather is expected to favour gas consumption in Portugal […]
Daily review of natural gas prices – Henry Hub, JKM, TTF – and key market events Gas Prices at the hubs: Henry Hub Day change: $0.104, up 6.4% | Settle: $2.760 | February 2021 TTF Day change: $0.141, up 2.0% | Settle: $7.105 | February 2021 JKM Day change: $0.055, up 0.6% | Settle: $8.615 […]
New Charts from LNG Allies compiled from DOE data showing top U.S. LNG export destinations. Top U.S. LNG destinations during 12 months ending on 30 Nov. 2020: Regional breakdown of U.S. LNG destinations during last 12 months: Top 15 importers of U.S. LNG from Feb. 2016 to Nov. 2020. Follow on Twitter: [tfws username=”LNGALLIES” height=”700″ […]
The recent bonanza of exports enjoyed by LNG producers such as the US, fuelled by a demand crunch in Asia, has rippled through freight markets for LNG carriers. Despite LNG cargo prices now gradually easing, we see LNG freight strength set to continue until at least end Q1 2021, amid European demand and ongoing congestion. […]
An LNG player, believed to be the UAE’s Emirates National Oil Company (ENOC), has defaulted on its agreement to supply a cargo to Pakistan in February, state-owned firm Pakistan LNG Limited (PLL) confirmed over the weekend, and suggested the soaring spot LNG price in Asia is to blame. Besides ENOC, Azerbaijan’s state-owned Socar Trading had […]
Daily review of natural gas prices – Henry Hub, JKM, TTF – and key market events Gas Prices at the hubs: Henry Hub Day change: $0.156, up 6.4% | Settle: $2.602 | February 2021 TTF Day change: $0.496, down 6.4% | Settle: $7.173 | February 2021 JKM Day change: $0.245, down 4.2% | Settle: $8.610 […]