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
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
  • FREE TRIAL
  • 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
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
  • FREE TRIAL
  • My account
  • Login
Global LNG Hub
Home LNG Contracts & Pricing

Short term trend of natural gas and LNG prices

Editor by Editor
2 years ago
Reading Time: 3 mins read
LNG Prices
Share on FacebookShare on TwitterShare on Linkedin

The assessed spot LNG price for near-month delivery to Northeast Asia, JKM hovered around the USD 30s per million Btu in early of March, then jumped to USD 84.8 on 7 March due to the spike in TTF Gas Futures price, but fell back, and remained in the USD 30s toward the end of the month.

RELATED POSTS

natural gas prices

The new natural gas year: gas prices up in all key markets

14 hours ago
European LNG imports

Europe’s LNG imports drop by 20%

4 days ago
China-LNG-demand

China’s LNG Imports Soar amid Growing Demand, but Will it Last?

6 days ago

JKM has been moving in line with European gas prices. On the supply and demand side, LNG production disruptions continue in Malaysia and Australia, and spot cargos demand in the Northeast Asia is increasing in the near term. In particular, geopolitical tension with regard to gas supplies to Europe is a factor driving prices higher.

JOGMEC announced in its monthly report of spot LNG prices for delivery to Japan that the average price of spot LNG cargoes for delivery to Japan contracted in February 2022 and scheduled to be delivered from the month onward (contract-based price) was USD 26.4. The average price of spot LNG cargoes that were contracted and delivered in Japan within the month (arrival-based price) was not disclosed as only one or less company submitted the report for the month.

The Henry Hub Natural Gas Futures price temporarily rose to the USD 5 at the beginning of March and fell to middle of USD 4 and rising to the low USD 5s toward the end of the month. According to the U.S. Energy Information Administration (EIA), the price outlook is expected to average USD 3.83 for the second quarter of 2022, average USD 3.95 for all of 2022, and average USD 3.59 for the year 2023. U.S. LNG exports were estimated to be about 6.4 million tonnes in February 2022 was lower than the previous month, many LNG cargoes have been delivered to Europe, where there are concerns about Ukraine-related gas supply concerns. EIA expects the U.S. LNG export capacity will contribute to LNG exports rising to about 86 million tonnes in 2022, up 16% from the previous year.

The Dutch TTF Gas Futures price surged to USD 72 on 7 March due to fears of Russian pipeline gas supply disruptions, then fell to the low USD 30s by mid-month and remained in the middle of USD 30s toward the end of the month. European underground gas storage level is approaching to its five-year average due to a number of additional LNG receipts, mainly from the United States, and a warm winter. However, European gas prices have been volatile amid the geopolitical tensions.

Based on the preliminary figures from Japan’s customs statistics of the Ministry of Finance, the country’s average LNG import price was USD 15.98 in February 2022. The average landed prices of LNG in Japan from the United States, the ASEAN region, the Middle East, and Russia in the month were USD 21.26, USD 13.38, USD 15.58, and USD 16.04, respectively. Elsewhere in Asian, average import prices in February were USD 13.01 in China, USD 16.27 in Korea, USD 14.69 in Chinese Taipei.

The Japan’s average landed crude oil import price (JCC: Japan crude cocktail) was USD 86.69 in February 2022, the highest since November 2014. Japan’s average LNG import price, which accounts for 70%-80% of long-term contracts linked to JCC prices, is expected to continue rise to the current rise in crude oil prices.

Japan imported 7.11 million tonnes of LNG in February 2022, 12% lower than the same month of 2021. The total import volume during the first two months of 2022 was 13.89 million tonnes, a decrease of 14% from the same period of 2021. China imported 4.86 million tonnes of LNG in February 2022, 12% less than the same month of 2021. China’s total LNG import volume during the first two months of 2022 was 12.68 million tonnes, a decrease of 9% from the same period of the previous year.

While Korea imported 3.48 million tonnes in February 2022, a decrease of 33% from the same month of 2021, Chinese Taipei imported 1.59 million tonnes, 21% higher than one year earlier. LNG import volume from these four markets was 38.08 million tonnes during the first two months of 2022, a 10% decrease year-on-year.

Source: JOGMEC  

Tags: Asian LNG demandHenry Hub pricesJKMJOGMECLNG cargoesspot LNG pricesTTF
Editor

Editor

Related Posts

natural gas prices
LNG Contracts & Pricing

The new natural gas year: gas prices up in all key markets

14 hours ago
European LNG imports
LNG Demand

Europe’s LNG imports drop by 20%

4 days ago
China-LNG-demand
Featured

China’s LNG Imports Soar amid Growing Demand, but Will it Last?

6 days ago
LNG exports
Featured

Natural gas market in balance amid LNG movements and contract rollover

6 days ago
LNG-prices
LNG Contracts & Pricing

Review of last week’s global natural gas and LNG prices

7 days ago
LNG-prices
LNG Contracts & Pricing

Review of last week’s global natural gas and LNG prices

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 LNG imports

August 2023 LNG stats: Asia grabs larger share of global LNG imports

September 15, 2023
LNG-prices

Review of last week’s global natural gas and LNG prices

September 19, 2023
LNG exports

Natural gas market in balance amid LNG movements and contract rollover

September 27, 2023

Recent Post

natural gas prices

The new natural gas year: gas prices up in all key markets

October 2, 2023
European LNG imports

Europe’s LNG imports drop by 20%

September 29, 2023
China-LNG-demand

China’s LNG Imports Soar amid Growing Demand, but Will it Last?

September 27, 2023
LNG exports

Natural gas market in balance amid LNG movements and contract rollover

September 27, 2023
LNG-prices

Review of last week’s global natural gas and LNG prices

September 26, 2023
LNG-prices

Review of last week’s global natural gas and LNG prices

September 19, 2023

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

The new natural gas year: gas prices up in all key markets

Europe’s LNG imports drop by 20%

China’s LNG Imports Soar amid Growing Demand, but Will it Last?

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
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
  • FREE TRIAL
  • My account
  • Login

© 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
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!