Soaring natural gas prices in Europe and Asia and a tight global natural gas market could get planned North American liquefied natural gas (LNG) projects across the finish line.

LNG Netback Prices

A trio of experts spoke Tuesday on dynamics in the LNG market at the LDC Natural Gas Forum in New Orleans.

NGI’s LNG Insight Senior Editor Jamison Cocklin said that record benchmark prices for natural gas in Europe and Asia are propelling North American project sanctioning “after two years of inactivity.”

Global benchmarks such as the Dutch Title Transfer Facility (TTF) and the Japan-Korea Marker (JKM) have shattered records over the past few weeks, regularly exceeding $30/MMBtu. They have also started to impact U.S. prices as the global market grows more interconnected. 

The North American...