Gas prices at the hubs (April 27)
Henry Hub
Day change: $0.083, up 3.0% | Settle: $2.873 | May 2021
TTF
Day change: $0.496, up 7.0% | Settle: $7.582 | May 2021
JKM
Day change: $0.350, up 4.2% | Settle: $8.600 | June 2021
GIIGNL’s annual report for 2021 was released, showing LNG trade in 2020 grew by 0.4% to 356.1 million tonnes by the end of the year
2020 was also highlighted by the addition of Myanmar to the list of now 43 importing LNG countries while spot/ST cargoes accounted for ~40% of all trade
South Korea’s Ministry of Trade, Industry and Energy is projecting domestic natural gas demand to rise 15% by 2034, driven by H2 fuel-cell cars and LNG bunkering ships
BP announce that their gas trading unit had an “exceptional” first quarter, benefitting from the February Texas freeze, most likely “toppinh $1 billion” for the quarter per Citigroup analysts
Chesapeake Energy Chairman Mike Wichterich will serve as interim CEO for the company as CEO Doug Lawler will depart the company as of April 30. An email to Chesapeake employees stated that “…The search for a new CEO will likely take several months…” per Bloomberg
Source: Tellurian
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