Asia

HOUSTON (ICIS) –Northeast Asia spot prices eased last week on potential softening of demand but rebounded mid-week, as increased crude oil prices and supply tightness drove up price discussions.

Russia’s liquefied natural gas (LNG) exports remained strong in March and surpassed year-ago levels despite efforts by some buyers to curb purchases from the pariah state. Russian LNG exports increased by 19% year/year to 3.1 million tons (Mt) last month, according to shipbroker Banchero Costa. Shipments from the country were also 25% higher than they…

European natural gas prices fell for a seventh consecutive day on Monday as an armada of liquefied natural gas (LNG) vessels makes its way toward the continent and pipeline imports remain stable despite fighting in Ukraine.  The May Title Transfer Facility (TTF) contract slipped by more than $1 to finish near $32/MMBtu Monday. The market…

LONDON (ICIS) –The LNG market softened with Asian LNG and European gas prices settling lower over the week. Latest tender awards in Asia saw prices in the low $30s/MMBtu.

SINGAPORE (ICIS) –The ICIS TTF April ’22 price rose to $38.64/MMBtu on 30 March, 11% up day on day. This is the highest contract price since 11 March. Sharp gains were also seen on the May ’22 contract, which also rose 11% day on day, closing at $38.85/MMBtu.

Asian buyers and distributors of liquefied natural gas (LNG) are seeing a mix of changes and challenges on the horizon for the region as they work to develop a more connected and flexible market ecosystem. Asia has historically been a favored destination of the super-chilled fuel, but as key players in the industry diversify their…

U.S. liquefied natural gas (LNG) producers, riding a wave of heightened demand, pushed the limits of nameplate capacity last year to set an export record. According to updated data by the Energy Information Administration (EIA), domestic export terminals sent an average of 9.7 Bcf/d of the super-chilled gas abroad last year. It was a 50%…

Gains in European natural gas prices were pared Tuesday after peace talks between Russia and Ukraine finally yielded some signs of progress.  While the Title Transfer Facility finished higher Tuesday, gains were muted after Russia said it would cut military operations in the Ukrainian cities of Kyiv and Chernihiv. After talks in Turkey, officials also…

SINGAPORE (ICIS) –The ICIS TTF April ‘22 contract soared to $36.84/MMBtu on 23 March, up almost 17% day on day, with a further increase on Thursday. The May ’22 contract tracked the April ’22 contract’s gains, and continued to hold a small premium.