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Asian Spot LNG Price Starts to Firm as Winter Nears

SINGAPORE (ICIS) –The ICIS East Asia Index (EAX) firmed on 22 September on early TTF trades and tender information, resulting in a spot value of $41.00/MMBtu, $2/MMBtu higher than the previous day’s close.

September 23, 2022
LNG Buyers Said Still Hunting for U.S. Volumes, but Project Costs, Complications Are Rising

LNG Buyers Said Still Hunting for U.S. Volumes, but Project Costs, Complications Are Rising

The market dynamics that have helped boost U.S. LNG export projects since the early spring are likely to continue, at least in part, but the next wave of terminal development will have added financing and inflationary hurdles, according to analysts with Poten & Partners. The Houston-based consultancy has been tracking a flurry of contracting and…

September 23, 2022
South Korea Aiming to Boost Nuclear Output Amid Tight Global Energy Markets

South Korea Aiming to Boost Nuclear Output Amid Tight Global Energy Markets

Despite South Korea’s plan to boost the use of nuclear energy in the country’s power generation mix by 2030, LNG will continue to play an important role in the government’s new energy strategy.  President Yoon Suk-yeol was elected in March and is a strong supporter of nuclear energy. He plans to reduce the country’s dependence…

September 20, 2022
Europe and Asia LNG Prices Jumped After EU Address on Energy

Europe and Asia LNG Prices Jumped After EU Address on Energy

LONDON (ICIS) –The ICIS TTF October ’22 contract rose to $66.03/MMBtu on 14 September, up almost 11% day on day.

September 16, 2022
European Commission Exploring LNG Index as Alternative to TTF

European Commission Exploring LNG Index as Alternative to TTF

Proposals by the European Commission (EC) to tame soaring energy costs don’t alter the role natural gas plays on the continent and may do little to rein in the volatility that has ruled the market this year. The EC proposed revenue caps on some power producers, a windfall tax on the excess profits of fossil…

September 15, 2022
East Asia, TTF Prices Fall After Rally, With Some LNG Buying Deferred

East Asia, TTF Prices Fall After Rally, With Some LNG Buying Deferred

The extended closure of the Nord Stream 1 pipeline from Russia to Germany caused a major rise in TTF prices on Monday and a similar reaction for East Asian spot LNG prices.

September 9, 2022
Germany on Track to Hit Natural Gas Storage Target, but Supply Situation Still ‘Tense’ – LNG Recap

Germany on Track to Hit Natural Gas Storage Target, but Supply Situation Still ‘Tense’ – LNG Recap

European natural gas prices tumbled by nearly 20% on Monday following a relentless rally last week that saw the Dutch Title Transfer Facility (TTF) shatter records and break through the $100/MMBtu barrier.   The September contract finished closer to $80 on Monday as storage stocks across the continent continued to climb and traders took profit ahead…

August 29, 2022
International Policy Experts Warn LNG Industry Support Needed in ‘Two-Front Gas War’

International Policy Experts Warn LNG Industry Support Needed in ‘Two-Front Gas War’

International energy experts from Rice University’s Baker Institute suggest the United States could face intense economic and geopolitical fallout this winter and in winters to come without support for the LNG industry currently aiding Europe. In a recently published paper from the institute, “U.S. Needs LNG to Fight a Two-Front Gas War,” the authors posit…

August 26, 2022
Japan’s Jera Renews Contract for Russian LNG Project Amid Asian Price Surge

Japan’s Jera Renews Contract for Russian LNG Project Amid Asian Price Surge

Jera Co. Inc., the world’s largest importer of LNG, has renewed its offtake contract for Russia’s recently nationalized Sakhalin-2 natural gas project ahead of a Kremlin-imposed deadline. The Japanese joint venture between Tokyo Electric Power Co. and Chubu Electric Power Co. In. confirmed to multiple media outlets Friday it has signed a deal to continue…

August 26, 2022
Shell Expanding U.S. LNG Share with Lake Charles Offtake Agreement

Shell Expanding U.S. LNG Share with Lake Charles Offtake Agreement

Shell plc has increased its portfolio of U.S. LNG and helped progress a developing Gulf Coast export project it once held a half-stake in with a long-term agreement with Energy Transfer LP (ET). ET signed a 20-year sales and purchase agreement (SPA) with Shell for 2.1 million metric tons/year from the proposed Lake Charles LNG…

August 25, 2022
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