Asia

Japanese demand historically has been the driving force behind most LNG industry developments since its inception. Lacking domestic resources, Japan’s industrial expansion in the latter half of the 20th century was dependent upon establishing energy security through overseas procurement.

Natural gas prices in Europe and Asia fell again on Monday, continuing six consecutive weeks of losses as both markets are well supplied and demand remains muted.  The Title Transfer Facility (TTF) prompt contract gave up another 1% Monday to finish again near $10/MMBtu after declining by 12% last week. Winter prices further out the…

Global natural gas demand is expected to remain flat in 2023 with modest growth in the Asia-Pacific region offset by projected declines in Europe and North America, according to the International Energy Agency (IEA). The world’s natural gas consumption declined 1.5% year/year in 2022, driven largely by a sharp increase in prices after Russia invaded…

European natural gas prices on Tuesday traded at some of their lowest levels since 2021, continuing a weeks-long slide amid ample supplies and weak demand across the continent and other parts of the world.  “The market remains overall bearish amid seasonally average temperatures and high storage levels,” said trading firm Energi Danmark in a note…

As a large swath of long-term and shorter LNG contracts are set to expire by the end of the decade, buyers could see a future global natural gas market that is both more physically flexible and financially complex. By 2030, long-term and short-term contracts covering around 195 million tons (Mt) of liquefied natural gas could…

The LNG market was again muted as the week got underway with hotter weather and restocking demand still in the offing. In Europe, the prompt Title Transfer Facility (TTF) gained just a penny in a quiet day of trading amid labor holidays across the continent. The June contract gave up 4% last week to finish…

Sendout at French LNG terminals has returned to normal levels as labor strikes that started early last month have for now ended, boosting European import capacity and helping to keep the lid on natural gas prices there.  Eleven cargoes have unloaded at France’s four import terminals over the last week, according to Kpler vessel-tracking data.…

Despite a precipitous slide in global natural gas prices over the last year and easing demand, buyers in Europe and Asia are likely to face a tighter market for years to come. For much of the week, liquefied natural gas to Asia held under $13/MMBtu while the prompt Dutch Title Transfer Facility moved closer to…

Global natural gas demand remained weak as floating inventories built at sea and prices in Europe and Asia continued falling as the week got underway.  The May Title Transfer Facility (TTF) shed a penny on Monday, while spot LNG prices in Asia dropped below $12/MMBtu to their lowest point in nearly two years.  In Europe,…