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Asian Spot Buying Increases Amid Hot Weather, Supply Disruptions – LNG Recap

Asian Spot Buying Increases Amid Hot Weather, Supply Disruptions – LNG Recap

Hot weather, maintenance at power generation facilities and LNG production outages have combined to push Asian natural gas prices higher. The July Japan-Korea Marker futures contract was trading above $11/MMBtu after climbing 7% last week.  One of three trains at Chevron Corp.’s Gorgon liquefied natural gas export facility in Western Australia, which mainly serves Asia,…

May 20, 2024
Global Natural Gas Prices Mixed on Stable Fundamentals – LNG Recap

Global Natural Gas Prices Mixed on Stable Fundamentals – LNG Recap

Global natural gas prices were stable Monday as the market weighed easing supply constraints against forecasts for hotter weather in parts of the northern hemisphere and continued geopolitical tensions. In Europe, the Title Transfer Facility declined again, with the prompt contract giving up another 1.5% on Monday after it lost 6% last week. Flows at…

May 13, 2024
Global Natural Gas Prices Rise as Competition for Cargoes Intensifies – LNG Recap

Global Natural Gas Prices Rise as Competition for Cargoes Intensifies – LNG Recap

Global natural gas prices continued to climb on Monday amid hotter weather, supply constraints and increasing competition among buyers.  The prompt Dutch Title Transfer Facility gained 4% Monday to finish just above $10/MMBtu. The contract increased by 9% last week, when the Japan-Korea Marker also climbed by 3%. Extreme heat has gripped South and Southeast…

May 6, 2024
Freeport Outage Cuts Into TotalEnergies’ First Quarter LNG Sales

Freeport Outage Cuts Into TotalEnergies’ First Quarter LNG Sales

TotalEnergies SE said Friday that its LNG sales decreased in the first quarter mainly due to lower demand in Europe and an unplanned outage at the Freeport export terminal on the upper Texas coast.  The company has 2.2 million tons (Mt) of annual tolling capacity at Freeport’s Train 3, which was offline most of the…

April 29, 2024
Structural Growth, Expiring Term Contracts Expected to Support Asian LNG Buying in 2024

Structural Growth, Expiring Term Contracts Expected to Support Asian LNG Buying in 2024

Asian LNG buyers continue to snap up cheap cargoes as a mild winter in Europe has left storage inventories there high and more vessels are diverting to the region. But as spot prices move higher, buying activity is already slowing.  As temperatures have increased in the last week in North Asia, “we seem to be…

April 9, 2024
Asian LNG Imports on the Rise as Restocking Season Gets Underway – LNG Recap

Asian LNG Imports on the Rise as Restocking Season Gets Underway – LNG Recap

Asia is attracting more LNG cargoes as spot prices remain low and Europe enters the injection season with a plump storage cushion. While Europe’s liquefied natural gas imports dropped 20% to 9.05 million tons (Mt) last month, Asia’s jumped 12% to 24.3 Mt, according to Kpler data. China, Japan and South Korea led the region’s…

April 1, 2024
Gazprom Tightens Grip on Sakhalin 2 LNG Project by Purchasing Shell’s Stake

Gazprom Tightens Grip on Sakhalin 2 LNG Project by Purchasing Shell’s Stake

Russia’s Gazprom PJSC will reportedly increase its ownership of Sakhalin 2 LNG project, placing more of the country’s export capacity under state-owned company’s control as sanctions continue to pressure its oil and pipeline gas revenues. According to the Russian government, a 27.5% stake valued at $1.6 billion is to be sold to Gazprom, increasing its…

April 1, 2024
Japan’s Low LNG Inventories Could Spur Spot Buying – Three Things to Know About the LNG Market

Japan’s Low LNG Inventories Could Spur Spot Buying – Three Things to Know About the LNG Market

NO. 1: Japan’s LNG inventories have hit the lowest level in years. Stocks fell 5% week-over-week on March 24 to 1.52 million tons (Mt), according to the Ministry of Economy, Trade and Industry.  Stockpiles are below the five-year average of 2.14 Mt. Jera Co. Inc. was reportedly implementing planned outages at four gas-fired power plants…

March 28, 2024
Global Security Threats Push Natural Gas Prices Higher Despite Lax LNG Demand – LNG Recap

Global Security Threats Push Natural Gas Prices Higher Despite Lax LNG Demand – LNG Recap

While LNG demand still remains mostly lax across Europe and Asia, the specter of supply volatility helped stoke global prices Monday as traders reacted to a bevy of attacks in Russia and Ukraine. The Dutch Title Transfer Facility (TTF) continued its upward march from last week, closing above $9/MMBtu. Asian liquefied natural gas prices followed…

March 25, 2024
TTF Rally Continues Amid Global Natural Gas Supply Outages – LNG Recap

TTF Rally Continues Amid Global Natural Gas Supply Outages – LNG Recap

European natural gas prices rallied for a fifth day on Tuesday in the longest stretch of gains since September, pushed higher by global supply outages and strength in other commodities.  The April Title Transfer Facility (TTF) contract gained another penny to finish at $9.18/MMBtu on Tuesday, its highest settlement since last month. Strong storage inventories,…

March 19, 2024
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