TTF prices rose to above €40/MWh this morning, the highest level since early April, amid the escalating conflict between Israel and Iran. TTF surger by more than 15% since 10 June, and while some of this has been sentiment (fear) driven, the conflict is already impacting natural gas markets: (1) Israel shut production at the […]
The Northeast Asian assessed spot LNG price JKM (July delivery) for last week (9 June – 13 June) rose to mid-USD 13s/MBtu on 13 June from high-USD 12s/MBtu the previous weekend (6 June). JKM fell to low-USD 12s/MBtu in the first half of the week due to weak demand in Asia, but rose to high-USD […]
The Northeast Asian assessed spot LNG price JKM (July delivery) for last week (2 June – 6 June) rose to high-USD 12s/MBtu on 6 June from low-USD 12s/MBtu the previous weekend (30 May). Although demand in Asia is currently sluggish, JKM rose for a fifth consecutive day on the back of expected increased summer demand, […]
Feedgas flows to Sabine Pass, the largest LNG export plant in the US, dropped by 33% through the last week, indicating that around two trains might be under outage, most probably undergoing an earlier announced planned maintenance. Sabine Pass is the oldest and largest LNG export facility in the lower 48, accounting for around 30% […]
The Northeast Asian assessed spot LNG price JKM (July delivery) for last week (26 May – 30 May) fell to low-USD 12s/MBtu on 30 May from mid-USD 12s/MBtu the previous weekend (19 May). It rose to high-USD 12s/MBtu on 26 May due to heightened geopolitical tensions caused by massive attack on Ukraine by Russia on […]
Gas deliveries to LNG terminals lowered 0.7 Bcf/d to 13.9 Bcf/d, the lowest in two weeks, as maintenance at several Gulf Coast liquefaction trains reduced intake. Pipeline exports to Mexico held near a record 7.70 Bcf/d, underpinning South Texas basis despite the dip in feed gas. In a notable long term move, NextDecade secured its […]
The Northeast Asian assessed spot LNG price JKM for last week (19 May – 23 May, July delivery) rose to mid-USD 12s/MBtu on 23 May from high-USD 11s/MBtu the previous weekend (16 May). JKM rose to the high-USD 12s in the middle of the week due to a lack of progress in peace negotiations for […]
Long-term contracts were the foundations of European gas supply security, traditionally meeting more than 80% of demand. today, their share dropped to just around 50%, amidst Europe’s growing exposure to a wild and volatile spot market. The gas and LNG industry was built on long-term contracts: while they provide exporters with financial security (and hence […]
The Northeast Asian assessed spot LNG price JKM for last week (5 May – 9 May, June delivery) rose to high-USD 11s/MBtu on 9 May from low-USD 11s/MBtu the previous weekend (2 May). JKM rose throughout the week as competition for procurement intensified ahead of the summer season, particularly between Europe and Asia, although end-user […]