Weekly Gas Wrap Up

(October 6) PipeChina officially takes over the midstream assets of CNPC, Sinopec and CNOOC, valued at ~$73 billion. market reforms gaining momentum?

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Total goes gas: 50 mtpa LNG sales by 2025 + gas reaching 50% of sales mix by 2030, with oil dropping to 30%;

Blackstone sells 42% stake in Cheniere to Brookfield and Blackstone Infrastructure for $7B, with windfalls estimated at $5B. not a bad business after all!

Gas Prices:

HenryHub: $1.5/mmbtu,

TTF: $4.1/mmbtu,

JKM: $5/mmbtu

Charters: 58-60k/day