Hub Price Highlights:
Henry Hub: Day change: $0.042, up 1.7% | Settle: $2.581 | February 2021
TTF: Day change: $0.279, up 4.1% | Settle: $7.144 | February 2021
JKM: Day change: $0.630, up 4.4% | Settle: $14.930 | February 2021
BHI U.S. gas rig count for week ending 12/31/2021: net flat from the week prior, standing at 83, which represents 65% of the gas rig count at the start of 2020.
The Chinese meteorological authority issued an orange alert nationwide – no, not in regard to President Trump – rather to alert authorities of a sweeping cold front….. the 2nd-highest tier in its 4-tier system has prompted provinces to ration electricity to industrial and commercial users to ensure sufficient power for home heating.
Pakistan announced a (approx) 680 mile gas pipeline project to be constructed in partnership with Russia, allowing Pakistan to accommodate higher LNG imports…… construction of the project is expected to commence in July this year as both of Pakistan’s LNG terminals are running at peak capacity this winter.
Prime Minister Modi is set to inaugurate the long-awaited Kochi-Mangaluru GAIL gas pipeline tomorrow, enabling an expected boost in LNG imports to south India.
After an insurgent attack within the Mozambique LNG concession area, Total announced that it would reduce the working headcount at the project site.
Looking back while shivering at 2020, we’ve already begun to notice some interesting insights – one of which is a drop in Russia’s natural gas exports…… compared to 2019, Russia’s gas exports to countries outside the former FSRU were down ~10%…..meanwhile, U.S. LNG loadings increased by ~32%, based on preliminary data, from 2019 to 2020 as Gulf Coast capacity commissioned during the year.
Source: Tellurian
Follow on Twitter:
[tfws username=”TellurianLNG” height=”700″ width=”350″ theme=”light” color=”#FAB81E” tweets=”2″ header=”yes” footer=”yes” borders=”yes” scrollbar=”yes” background=”yes”]
