Spot LNG prices for March delivery to east Asia held firm at over $10.00/MMBtu during the last four weeks. Demand remained strong after cold weather, while production outages at plants including the US Sabine Pass and Malaysia’s Bintulu cut supply. Consumers who had delayed buying in February in the hope of a downturn in prices […]
Energy Connections
LNG Markets Analysis Spot LNG prices up on outages, crude
Spot LNG prices for east Asia held steady for most of the last four weeks at around $11.00/MMBtu for February deliveries, but started climbing higher towards mid-January on the back of maintenance outages at major production facilities, and influenced by the continued uptrend of crude oil. Asian LNG has maintained, and even widened, its premium […]
LNG Markets Analysis European outages boost Asian spot LNG
Spot LNG prices for east Asia and Europe climbed higher across the past month as the key buyers in the two regions moved further into winter, with gas supply problems in Europe providing a sharp boost higher towards the end of the period. Spot LNG prices for South America, however, held fairly steady, with the […]
LNG Markets Analysis East Asian LNG price gains 4% on Korean buying, outages
The ICIS June East Asia Index (EAX) for spot LNG averaged $5.690/MMBtu during its period as the front-month assessment, rising 4% from the previous month and up by 27% from the previous year. From a peak of $9.850/MMBtu at the start of January, the front-month EAX fell to $5.250/MMBtu at the end of the northern […]
The oil-gas (dis)connection
Oil and other commodity markets rallied in early March, but a key support factor behind the rise was speculative trade, rather than reliable supply and demand indicators.
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