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LNG Shipbuilders See Influx of Orders as Year Comes to an End

LNG Shipbuilders See Influx of Orders as Year Comes to an End

Two of Asia’s leading shipbuilders saw an influx of orders for new liquefied natural gas (LNG) carriers this month, capping an otherwise slow year for newbuilds.  Korea Shipbuilding & Offshore Engineering Co. Ltd. (KSOE) said in a regulatory filing last week that it landed various contracts to build nine LNG carriers. KSOE is scheduled to…

December 29, 2020
Supply Crunch, Brexit Deal Push Global Gas Prices Higher — LNG Recap

Supply Crunch, Brexit Deal Push Global Gas Prices Higher — LNG Recap

Global natural gas prices remain strong coming off a week shortened by Christmas and heading into another with limited trading activity as the New Year holiday nears. The Dutch Title Transfer Facility (TTF) contract for February delivery finished the short week on Thursday at $6.321/MMBtu, while the UK’s National Balancing Point finished at $7.015 and…

December 28, 2020

North Asia Prices Continue Rising, Pulling Caroges Away From Europe — The Offtake

A roundup of news and commentary from NGI’s LNG Insight  European LNG imports were down 42% year/year over the last seven days, Tudor, Pickering, Holt & Co. said Wednesday. North Asian prices are pulling cargoes away from the continent, while warmer weather has dented demand. The forecast is growing chillier.  Vitol has reportedly sold an…

December 24, 2020
Tight Global Gas Market Creating Hurdles for U.S. Offtakers — LNG Recap

Tight Global Gas Market Creating Hurdles for U.S. Offtakers — LNG Recap

Global natural gas prices are soaring as the week gets underway amid increasing demand in Asia and colder weather in Europe. The Dutch Title Transfer Facility, the dominant price marker in Europe, hit its highest point in nearly two years during Tuesday trading. TTF is moving higher after falling last week amid lackluster heating demand,…

December 22, 2020
LNG Recap: Natural Gas Price Rally Continues Amid Tight Market

LNG Recap: Natural Gas Price Rally Continues Amid Tight Market

Global natural gas prices again moved higher last week as forecasts trended colder, and supply disruptions and a tight shipping market continued.  Spot prices in North Asia moved above $11.00/MMBtu last week, hitting a new two-year high. One bid for a January cargo was reportedly placed for more than $12.00 as the week got underway.…

December 14, 2020
Significant U.S. LNG Cargo Cancellations Not Likely in 2021, BofA Analysts Say

Significant U.S. LNG Cargo Cancellations Not Likely in 2021, BofA Analysts Say

Asian liquefied natural gas (LNG) spot prices are at two-year highs and are projected to remain strong enough next summer to prevent significant cancellations of U.S. LNG cargoes in 2021, BofA Global Research analysts said. Projected U.S. LNG export arbitrages for next summer are now positive, in the range of $0.75-$1.00/MMBtu, the analysts said in…

December 14, 2020

Carbon Costs, JKM Strength Push European Natural Gas Prices Higher — The Offtake

A roundup of news and commentary from NGI’s LNG Insight European carbon credits hit $37.57 this week, a high not seen since 2006, according to EBW Analytics Group. “Increases in carbon prices in the European Union are bullish for natural gas in the U.S., since the impact on coal-fired generators in Europe is twice as…

December 11, 2020
LNG Recap: U.S. Feed Gas Deliveries Hit High Gear as Spreads to Asia, Europe Remain Strong

LNG Recap: U.S. Feed Gas Deliveries Hit High Gear as Spreads to Asia, Europe Remain Strong

Feed gas deliveries to U.S. export terminals hit new highs over the weekend, peaking Saturday at 11.48 Bcf as spreads between the Gulf Coast, Asia and Europe remain strong, according to NGI data.  Pipeline shipments to liquefied natural gas terminals were near 11 Bcf/d throughout last week, flowing at some of their strongest levels since…

December 7, 2020
LNG Recap: Global Natural Gas Prices Gaining Momentum After Last Week’s Steep Declines

LNG Recap: Global Natural Gas Prices Gaining Momentum After Last Week’s Steep Declines

Global natural gas prices fell across the board last week, weighed down by warmer weather in Europe and North America, along with continued measures to battle the coronavirus that have cut demand. January Japan Korea Marker (JKM) futures slid  to $6.375/MMBtu on Friday, finishing well below the $7.00 mark near where the contract has been…

November 23, 2020
LNG Rebound Still Fragile as European Storage, Winter Weather Patterns Remain Wildcards

LNG Rebound Still Fragile as European Storage, Winter Weather Patterns Remain Wildcards

Goldman Sachs Commodities Research analysts this week reiterated their belief that last summer was “the peak of the current bearish cycle in global gas markets,” saying in a forecast that they expect tighter conditions in Asia, Europe and the United states through next year. Goldman analysts said they see this year’s bearish drivers “largely reversing”…

November 19, 2020