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…
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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
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
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
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
LNG Recap: Covid-19 Lockdowns Weigh on Oil, Natural Gas Prices
A spike in Covid-19 cases and renewed lockdowns in Europe are pressuring global commodity prices as the week gets underway. European natural gas prices declined last week, halting the recent gains of the continent’s key benchmarks. Warmer weather combined with new lockdowns announced in France, Germany and the UK have pushed down prices. The prompt…
November 2, 2020
LNG Recap: Global Natural Gas Prices Remain Strong Amid Headwinds
Global natural gas prices have started off strong this week with a number of variables supporting benchmarks as winter draws nearer. The prompt Dutch Title Transfer Facility (TTF), National Balancing Point (NBP) and Japan Korea Marker (JKM) are all at or near levels not seen since last year, while Henry Hub futures traded above $3.00/MMBtu…
October 27, 2020
LNG Recap: Supply Disruptions Help Push Global Natural Gas Benchmarks Higher
Asian and European natural gas benchmarks moved higher over the last week as winter buying heats up and supply disruptions in Australia, Norway and the United States persist. Asian spot prices remained strong Monday after hitting their highest point in about a year last week. Meanwhile, the front-month Japan Korea Marker contract was at $6.315/MMBtu…
October 19, 2020
LNG Market Tightens with Cameron, Sabine Pass and Gorgon Terminals Still Offline
The global market is tightening with three major liquefied natural gas (LNG) facilities offline in the United States and Australia, supporting a price rally that began last month as fundamentals started improving. The Sabine Pass and Cameron LNG terminals on the Gulf Coast, the two largest in the United States with a combined export capacity…
September 4, 2020
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