The content of my conversations with LNG traders and ship brokers has changed in recent months with a much greater interest now in pricing developments at northwest European gas hubs. About a year ago Europe was touted by LNG sellers as the key source of demand in a market that would be oversupplied for years […]
Energy Connections
No North Sea, no problem
The dramatic decline of oil prices over the past couple of years has led to the re-evaluation of investments into UK North Sea oil and gas production. Potentially untapped resources that remain on the British continental shelf are in areas of more challenging geographies and environments. Even before the commodity crash, many were anticipating a […]
LNG in the Med and topsy-turvy price trends
Observers of the French and Spanish gas markets over the last few months cannot have failed to note a mounting challenge to the traditional price structure in the region. LNG – both in terms of quantity and price – has played an important role in the recent shift. While historically Spanish AOC hub prices have […]
Part economics, part politics – the role of LNG in Europe
The flood of LNG into Europe, expected by many commentators, has yet to appear. But deliveries are likely to be higher this year than in 2015, and if demand fails to rise in east Asia in the mid-term, Europe could see a big jump in deliveries later in the decade. Perhaps more relevant for now […]
Panama Canal expansion trials in June but what about LNG?
A vessel will trial the newly-expanded Panama Canal from 27 June as part of the project which will cut journey time and distance for new US LNG producers selling into Asia. It has not been an easy path and development of the expansion has been slow and more expensive than planned. Numerous problems included leaks […]
Domestic Indian price reforms could boost LNG import demand
From an LNG seller’s perspective, India is one of the few beacons of hope. The vast country, which has a very price sensitive approach to buying liquid gas, is taking more cargoes both on a contract and spot basis. A recent move by the Indian government to change the pricing formula of domestically-produced gas from […]
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