global-hydrogen-hub global-hydrogen-hub global-hydrogen-hub
Global LNG Hub Logo
No Result
View All Result
  • Login
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • GLOBAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Cart / €0.00

No products in the cart.

  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • GLOBAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Global LNG Hub
No Result
View All Result
Home LNG Contracts & Pricing

Global gas prices: going to the moon

Editor by Editor
5 years ago
Reading Time: 2 mins read
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 review of natural gas and LNG prices

18 hours ago
TTF-JKM-correlation

TTF-JKM correlation hit record levels in the first half of 2025

2 days ago
Plaquemines LNG

European LNG imports surge by a staggering 40%

7 days 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 review of natural gas and LNG prices

18 hours ago
TTF-JKM-correlation
LNG Contracts & Pricing

TTF-JKM correlation hit record levels in the first half of 2025

2 days ago
Plaquemines LNG
LNG Contracts & Pricing

European LNG imports surge by a staggering 40%

7 days ago
LNG-prices
LNG Contracts & Pricing

Review of natural gas and LNG prices

1 week ago
natural-gas-prices
LNG Contracts & Pricing

Middle East crisis fuelled strong price volatility across Asian and European markets

1 week ago
risk-premium-LNG
LNG Contracts & Pricing

All eyes on LNG demand as gas prices recede

1 week ago

Leave a Reply Cancel reply

Your email address will not be published.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

No Result
View All Result

Trending Posts

LNG-prices

Review of natural gas and LNG prices

June 11, 2025
gas-price-volatility

Israel – Iran tensions drive gas price volatility

June 30, 2025
TTF-prices

TTF prices rose to above €40/MWh

June 18, 2025

Recent Post

LNG-Prices

Weekly review of natural gas and LNG prices

July 9, 2025
TTF-JKM-correlation

TTF-JKM correlation hit record levels in the first half of 2025

July 9, 2025
Plaquemines LNG

European LNG imports surge by a staggering 40%

July 3, 2025
LNG-prices

Review of natural gas and LNG prices

July 2, 2025
natural-gas-prices

Middle East crisis fuelled strong price volatility across Asian and European markets

July 1, 2025
risk-premium-LNG

All eyes on LNG demand as gas prices recede

June 30, 2025
LNG-HUB-Logo

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

Weekly review of natural gas and LNG prices

TTF-JKM correlation hit record levels in the first half of 2025

European LNG imports surge by a staggering 40%

Energise your Wednesday!

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

Your subscription could not be saved. Please try again.
Your subscription has been successful.

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

© 2020 GlobalLngHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
No Result
View All Result
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • GLOBAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login

© 2020 GlobalLngHub | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.