LNG Insight

Volatility Abounds in Natural Gas Forwards Trading as Polar Vortex Seen Arriving Late January

Volatility Abounds in Natural Gas Forwards Trading as Polar Vortex Seen Arriving Late January

Small price gains were seen along U.S. natural gas forward curves for the Jan. 7-13 period, but they did not tell the whole story. Volatility was in full swing as weather models continued to tease the market with signals that truly frigid winter weather may loom. February prices averaged 5.0 cents higher for the period,…

January 15, 2021
North American Natural Gas Hard Hit by Covid-19, but Robust Growth Seen Through 2040

North American Natural Gas Hard Hit by Covid-19, but Robust Growth Seen Through 2040

North American natural gas production bore the brunt of the Covid-19 pandemic’s impact on global gas output in 2020, but demand fared better in the lower price environment. In its Gas Year 2020 review, Rystad Energy said North American gas production is estimated to have fallen 47 billion cubic meters (bcm) from 2019 levels to…

January 15, 2021
Perfect Storm Driving Meteoric Rise in Asian LNG Prices Could Happen Again

Perfect Storm Driving Meteoric Rise in Asian LNG Prices Could Happen Again

James Waddell, a senior global gas analyst at London-based Energy Aspects, said severe cold, production outages, shipping constraints and a scramble to find supplies are just a few of the myriad factors that have blown into the perfect storm behind a meteoric rise in Asian liquefied natural gas (LNG) prices.  As the historic rally continues,…

January 14, 2021
Henry Hub Could Hit $3.50 in 2021 on Projected LNG Export Strength

Henry Hub Could Hit $3.50 in 2021 on Projected LNG Export Strength

An extraordinary surge in freezing temperatures across northern Asia, coupled with liquefied natural gas (LNG) delivery interruptions, are triggering a surge in prices in key U.S. export destinations such as China, Japan and South Korea. At the same time, European storage levels are drawing down quickly, and the result is mounting demand for U.S. LNG…

January 14, 2021
LNG Canada Conduit Coastal GasLink, Other BC Energy Projects Temper Labor Force on Covid Outbreak

LNG Canada Conduit Coastal GasLink, Other BC Energy Projects Temper Labor Force on Covid Outbreak

Construction schedules are under review in British Columbia (BC) for its entry into the global natural gas export market as a result of labor force limits that provincial public health authorities adopted to counter the impacts from the pandemic. “Long-term impacts to the overall schedule continue to be assessed,” said TC Energy Corp. Vice President…

January 14, 2021
Trucked LNG Prices Spiked in China as Cold Gripped Region in December, Says Wood Mackenzie

Trucked LNG Prices Spiked in China as Cold Gripped Region in December, Says Wood Mackenzie

Cold weather and a scramble to secure natural gas supplies in Asia are impacting more than only power generators, as spot prices for trucked liquefied natural gas (LNG) in China skyrocketed last month, according to Wood Mackenzie.  The consultancy said spot prices in the LNG transport space nearly doubled in only three weeks in the…

January 13, 2021
API Looking for Common Ground to Preserve U.S. Energy Dominance as Dems Take Control

API Looking for Common Ground to Preserve U.S. Energy Dominance as Dems Take Control

Political acrimony over the 2020 presidential election results has endured well into the new year, but the American Petroleum Institute (API) sees at least one area where U.S. voters have reached a consensus. The Democrats obtained a narrow majority in the Senate that would see them take control of both the Legislative and Executive branches…

January 13, 2021
New Fortress Gains Foothold in Brazil, Adds LNG Shipping in $5B Acquisition

New Fortress Gains Foothold in Brazil, Adds LNG Shipping in $5B Acquisition

New Fortress Energy Inc. said Wednesday it is acquiring Golar LNG Partners LP (GMLP) and Hygo Energy Transition Ltd. in a deal valued at $5 billion that expands operations in Latin America and provides liquefied natural gas (LNG) shipping assets.  Hygo is a 50-50 joint venture between Golar LNG Ltd. and a fund managed by…

January 13, 2021
Short-Term LNG Export Authorizations Dropped in Federal Deregulatory Blitz

Short-Term LNG Export Authorizations Dropped in Federal Deregulatory Blitz

The U.S. Department of Energy (DOE) will no longer issue separate authorizations for short-term liquefied natural gas (LNG) exports, which now are to be covered by long-term licenses, according to a policy change that took effect on Tuesday.  The move comes only days before President-elect Biden is to be sworn in and come as part…

January 12, 2021

Another Record Day for JKM Prices; European Benchmarks Liftoff — The Offtake

A roundup of news and commentary from NGI’s LNG Insight The Japan Korea Marker spot price jumped 15% day/day to shatter Monday’s record at $32.494/MMBtu amid a supply shortage and severe winter weather. Trafigura Group Pte. Ltd. also reportedly purchased a cargo for delivery in the region at $39.30. The rally continued in Europe as…

January 12, 2021
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