Global LNG Hub
No Result
View All Result
  • Login
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
SUBSCRIBE
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
Global LNG Hub
Home LNG Contracts & Pricing

Global gas prices: going to the moon

Editor by Editor
2 years ago
min read2 min
natural gas prices
Share on FacebookShare on TwitterShare on Linkedin

At Monday’s 14/12/20 session, major global natural gas prices increased significantly.

RELATED POSTS

LNG-prices

Weekly trend of natural gas and LNG prices – January 30

4 days ago
Natural gas prices down by over 40% across key gas markets

Natural gas prices down by over 40% across key gas markets

4 days ago
Spot LNG trade fell in 2022

Spot LNG trade fell in 2022

1 week ago

The trend observed the last few weeks materialized yesterday with the JKM comfortably trading above $8/MMBtu, the NBP breaking the $6/MMBtu barrier followed closely by TTF, and the HH progressively approaching $3/MMBtu, closing at $2.7/MMBtu.

HH is still setting the floor of the global gas price range. With its gradual recovery, is allowing all other prices to tick at higher levels. But the real driver of this upward trend is the JKM, excellent reflection of the Asian market dynamics.

JKM has experienced a seamless ascent since mid-November.

Although temperatures have not been as cold as expected in Asia, there is still strong seasonal demand. It starts to get interesting when you combine this with several converging factors including:

  • Problems in gas supply (Australia, Qatar, Malaysia…)
  • An increase in shipping costs (up to 135% higher than usual)
  • Congestion in the Panama Canal
  • Occasional drops in nuclear production and closures of coal plants (South Korea, Taiwan and Japan)

These combined factors exert upward pressure on European price indicators.

shipping rates

This price increase in Europe shows how the Atlantic basin is emerging as a supplier of last resort, with a market secured if the price is below Asian’s.

Therefore, Europe is no longer receiving same number of LNG loads from the US, which is helping to support prices.

…the real driver of this upward trend is the JKM

In addition, the shortage in cargoes’ availability to make physical deliveries in January is rolling loads to February, ensuring short-term production allocation, at least partially.

In the face of a greater need for gas on the part of Asian countries, a higher volume of inventories would be released which would also help to maintain high prices.

According to this, JKM should remain at high levels over the next few weeks, provided that gas supply to Asia is not restored and that JKM does not reach values high enough to force countries with more price sensitivity to go to the spot market.

Source: Raquel Martínez Farreres

Tags: Asian gas demandAtlantic basinJKMLNG cargoesNBP pricesRaquel Martínez Farreresseasonal gas demandTTF prices
Editor

Editor

Related Posts

LNG-prices
LNG Contracts & Pricing

Weekly trend of natural gas and LNG prices – January 30

4 days ago
Natural gas prices down by over 40% across key gas markets
LNG Contracts & Pricing

Natural gas prices down by over 40% across key gas markets

4 days ago
Spot LNG trade fell in 2022
LNG Contracts & Pricing

Spot LNG trade fell in 2022

1 week ago
Global gas price correlation remains strong
LNG Contracts & Pricing

Global gas price correlation remains strong

1 week ago
Henry hub prices slide below $3
LNG Contracts & Pricing

Henry hub prices slide below $3

1 week ago
LNG-prices
LNG Contracts & Pricing

Weekly trend of natural gas and LNG prices – January 23

2 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

Global gas supply to tighten in 2023

Global gas supply to tighten in 2023

4 weeks ago
LNG-prices

Weekly trend of natural gas and LNG prices – January 11

4 weeks ago
Mauritania/Senegal on track to begin LNG exports

Mauritania/Senegal on track to begin LNG exports

2 weeks ago
Load More

Recent Post

Feedgas flows to Freeport LNG surge ahead

Feedgas flows to Freeport LNG surge ahead

23 hours ago
LNG-prices

Weekly trend of natural gas and LNG prices – January 30

4 days ago
Natural gas prices down by over 40% across key gas markets

Natural gas prices down by over 40% across key gas markets

4 days ago
Spot LNG trade fell in 2022

Spot LNG trade fell in 2022

1 week ago
Global gas price correlation remains strong

Global gas price correlation remains strong

1 week ago
Henry hub prices slide below $3

Henry hub prices slide below $3

1 week ago
Load More

Online platform for sharing analysis and information on Global and regional LNG markets. Weekly newsletter each Wednesday more info

Categories

  • Asian LNG
  • Australian LNG
  • European LNG
  • Global LNG
  • LNG Africa
  • LNG Bunkering
  • LNG Latin America
  • LNG North America
  • LNG Projects
  • LNG Trade and Pricing
  • Middle East LNG
  • Small Scale LNG
  • FLNG

Recent Posts

Feedgas flows to Freeport LNG surge ahead

Weekly trend of natural gas and LNG prices – January 30

Natural gas prices down by over 40% across key gas markets

Energise your Wednesday!

Sign up to receive our weekly newsletter with new LNG market reports, presentations & analysis. Every Wednesday!

By signing up, I agree to our TOS and Privacy Policy.

© 2020 GlobalLngHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login

© 2020 GlobalLngHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Energise Your Wednesday!

SIGN UP to receive our weekly newsletter with new LNG market reports, presentations & analysis. EVERY WEDNESDAY!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?