Asia

Ten years have passed since Cheniere Energy Inc. ushered in the era of modern U.S. LNG exports by sanctioning the first two liquefaction trains at the Sabine Pass terminal in Louisiana.

An unseasonably warm winter and ample LNG imports are dampening expectations for high volatility when European countries start restocking natural gas reserves this spring, but risk still abounds for a region facing a tight supply outlook for years to come. Headed into winter, the market faced the possibility of harsh weather and China’s return to…

European natural gas prices climbed higher Monday, breaking from the sharp losses of recent weeks as the market weighs increased competition with Asia for LNG and colder weather forecasted for later in the month.  The February Title Transfer Facility (TTF) contract gained 7% Monday to finish above $23/MMBtu. It remains at pre-war levels, but above…

European natural gas prices hit the lowest level since 2021 on Tuesday as warmer weather has eased concerns that the region won’t have enough of the fuel to make it through winter.  The Dutch Title Transfer Facility (TTF) February contract fell to nearly $22/MMBtu on Tuesday. That’s a low not seen since November 2021 before…

India, one of the world’s largest LNG importers, has unveiled a $30 billion plan to triple its clean power generation capacity by 2030 that would rely heavily on solar and wind to help reach a net-zero emissions target by 2070.   For now, the country continues to eschew gas in favor of coal and renewables. Record…

Editor’s Note: This content is provided courtesy of Independent Commodity Intelligence Services (ICIS). Visit natgasintel.com/icis for more information. HOUSTON (ICIS) — Asia spot prices held relatively steady this week, with the January ‘23 ICIS East Asia Index (EAX) up less than 3% on 15 December from one week ago. In recent days the EAX was…

European natural gas prices remained stable on Monday despite bitter cold that’s gripping the northern part of the continent. Prices spiked briefly last week as colder weather descended, but ample storage stocks and a steady flow of LNG supplies have kept a lid on both the Title Transfer Facility (TTF) and the National Balancing Point…

Japan’s Ministry of Economy, Trade and Industry (METI) is planning a strategic LNG reserve to ensure the country has enough natural gas to meet domestic demand as global competition ramps up.  METI’s proposal is primarily aimed at preventing gas shortages and preparing Japan, one of the world’s largest buyers of liquefied natural gas, for battling…

Bitter cold forecast for parts of Europe this week is set to bring the first major test of the winter heating season for the continent’s gas market and its robust storage inventories.  The UK’s National Balancing Point and the Dutch Title Transfer Facility (TTF) both gained about 3% on Tuesday and settled above $40/MMBtu. The…