Spot LNG prices strengthened from mid-August to mid-September on the back of ongoing repair work in Australia and after a hurricane swept through the US, halting output from two major LNG plants. The ICIS East Asia Index (EAX) for October-delivered cargoes averaged $4.289/MMBtu, up 53% from the previous month, as the market staged a recovery […]
Energy Connections
Spot LNG weak despite more cuts
Spot LNG prices remain at rock-bottom levels despite major cuts to global production, especially from the US. The ICIS EAX price for spot LNG deliveries to east Asia during August averaged $2.180/MMBtu from mid-June to mid-July, down 53% from the same time last year. The ICIS TTF spot gas benchmark for Europe was even lower, […]
Spot LNG still weak, despite more cuts
Spot LNG prices remained very weak in the period from mid-May to mid-June. Growing numbers of US cargo cancellations being planned across the summer have failed to boost the market more than a couple of percent, as supply continues to overwhelm a demand sector suffering from the impact of recent mild winters and the ongoing […]
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