Global spot LNG prices fell to their lowest levels of the year in late-March and the lowest levels seen since summer 2016. There was a rapid rebound in the middle of April, however, raising questions as to whether prices below $5.00/MMBtu had just been a temporary dip, or could return later in the year when […]
Energy Connections
Technology-neutral auctions – myth or reality?
This article was written by Vija Pakalkaite (EU Carbon and Power Analyst) and Matthew Jones (Senior Market Analyst) and it discusses the trend of multiple technology renewable energy support auctions which are taking place in Europe.
ICIS Dutch TTF gas benchmark closes above EAX in bear market
The ICIS Dutch TTF gas benchmark closed above the East Asian Index (EAX) spot LNG price on 20 March for the first time in three years, inverting the usual relationship between the two and underlining the bearish mood that has gripped the spot LNG market since September. The contract for May delivery on […]
Global spot LNG prices slide below $6/MMBtu
Global LNG markers dropped below $6/MMBtu over the last four weeks, with prices in major import regions closely aligned, limiting the potential for arbitrage between Atlantic and Pacific basins. Mild weather in north Asia and Europe has reduced heating demand, while new liquefaction projects continue to make progress, boosting supply. The East Asia Index (EAX) […]
Mild weather sees spot LNG slide continue
Continued mild weather in Asia and Europe over the last four weeks has seen global spot LNG prices continue their decline. It has also opened up questions about how low the market could settle in the summer if high inventories at the end of winter reduce the need for restocking over summer, at the same […]
Asia spot LNG remains bearish
The global spot LNG market remained in a bearish mood from mid-December to mid-January, as relatively mild weather in Asia this winter continued to limit demand to levels that could be comfortably met by current supply. Even a few unexpected problems at production plants in early January did little to boost the market. The ICIS […]
Asia spot LNG drops below 2017 and 2016 levels
Asia spot LNG prices have continued to slide lower in recent weeks, falling below the levels seen in December 2016 and 2017 despite most of the current year having been stronger than the two before. The ICIS front-month East Asia Index plummeted from $10.850/MMBtu on 16 November by more than two dollars to $8.525/MMBtu on […]
Asia spot LNG slides at start of winter
Spot LNG prices in east Asia have fallen back rapidly over the last eight weeks, from a year high of $12.25/MMBtu on 17 September to just over $10.00/MMBtu for front-month LNG in mid-November, down more than two dollars. The ICIS East Asia Index (EAX) has traded above last year’s levels throughout the current year. In […]
Asia LNG price slide boosts flow to Europe
Spot LNG prices in east Asia fell back slightly over the four weeks from mid-September to mid-October, according to the ICIS East Asia Index (EAX). A softer market in Asia reduced the region’s premium to European gas prices and helped to attract increased flows of LNG into the northern European gas markets for early winter. […]
European gas tightens spread to Asian spot LNG
Spot LNG prices in Asia remained firm across the mid-August to mid-September period. Against a background of continuing strong demand, unexpected global production outages decreased supply and new plant starts remained delayed. The utilities in Japan, in particular, were heard looking for cargoes to replenish stocks run down by the high-power generation rates required to […]
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