How close is the world to adopting a global spot LNG index? That’s a question this series has aimed to answer by exploring the prospects of establishing one based on crude oil, Title Transfer Facility (TTF) and Henry Hub prices.
JKM
Articles from JKM
Can the Search for a Global LNG Benchmark End With a European or U.S. Natural Gas Contract? – Column
While the early LNG market mostly developed in Asia and the Middle East, the super-chilled fuel was first commercialized in the United States and Europe.
Global Natural Gas Prices Continue Trading Sideways – LNG Recap
Global natural gas prices were muted on Monday as Europe’s Title Transfer Facility (TTF) continued trading sideways, the Japan-Korea Marker (JKM) followed and prices in the United States remained at some of the lowest levels in years. Fundamentals are largely unchanged. TTF traded in a stable range at just under $20/MMBtu last week, but increased…
Slide in JKM Prices Brings Some Asian LNG Buyers Back to Spot Market
South Asian natural gas buyers including India, Pakistan, Thailand and Bangladesh could return to the spot market as Asian LNG prices fell in January to their lowest levels since 2021. Although prices have strengthened somewhat, they are “now low enough to be within the comfort zone of price-sensitive buyers in South Asia,” said Rystad Energy…
Abaxx Tests Future of Physical Contracts in Quest for LNG Benchmark
As global natural gas market volatility continues to raise questions about the effectiveness of established futures benchmarks, Abaxx Technologies Inc. is pursuing a solution through physically-settled LNG contracts. Through a unit based in Singapore, Abaxx is preparing to launch physically-settled contracts for the three major liquefied natural gas markets: Northwest Europe, North Asia Pacific and…
Column: Back to the Future with Oil in Search of a Global LNG Price Index
Experienced commodity professionals, upon encountering the LNG market for the first time, will often note the lack of a globally recognized liquefied natural gas price benchmark.
TTF Trades Sideways as Natural Gas Fundamentals Remain Unchanged – LNG Recap
The European natural gas market was unfazed by colder weather and weak deliveries from Russia and Norway on Monday, when prices dropped amid a broader outlook that remains largely unchanged. Lower temperatures in Northwest Europe are forecast this week, while freezing temperatures and a drop in wind power in the UK prompted the grid operator…
TTF Gains on Signs of More Demand in Asia – LNG Recap
European natural gas prices rebounded on Tuesday amid colder weather and signs that cheaper LNG cargoes have brought some Asian buyers back to the market. The prompt Title Transfer Facility (TTF) contract finished at nearly $19/MMBtu after falling to $17.522 on Monday. It was a rare gain after weeks of losses that have pushed the…
TTF Gains Ground as Market Weighs Natural Gas Supply Outlook – LNG Recap
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…
TTF Plunges to Lowest Level Since 2021 as Natural Gas Supply Outlook Strengthens – LNG Recap
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…