Liquefied natural gas Prices, markets & analysis
As market experts, we ensure our LNG coverage goes further than any other publication in providing the most comprehensive picture of what's happening in the LNG markets. Our complete LNG coverage is available in a daily and a weekly LNG report, giving you all the prices and insights you need to stay on top of this fast-moving market.
Use ICIS information to:
- Access the widest range of LNG pricing points
- Read analysis and news, highlighting long-term trends
- Analyse the LNG markets using our historical data
- Respond quickly to market developments
Liquefied Natural Gas Global Transcript
The ICIS LNG Markets Daily also known as the LMD report, includes the coverage of daily regional indices for spot LNG at five major areas.
These are: the East Asia Index (EAX), South American, Mediterranean, Northwest European and Iberian Indices.
The report also provides individual spot-price assessments for the world’s 21 busiest cargo-receiving destinations and derived FOB assessments for eight global producers.
The report offers the most comprehensive and differentiated coverage of spot LNG trading. It also includes a comprehensive list of current bids and offers into East Asia and half-month East Asian assessments.
The report also contains assessments for both shipping charter rates and availability.
The report contains a report on global trends and trades as well as separate in-depth analysis of regional markets and breaking industry news.
To provide context, the daily report includes information on related contractual prices in the LNG and crude markets as well as access to ICIS’s benchmark European natural gas prices.
The ICIS Global LNG markets, also known as the GLM weekly report, assesses LNG delivered prices into five key regional markets: Japan, India, Spain, the UK and US Gulf. The report also provides LNG shipping costs and net-back assessments movements in the global LNG fleet, a table of recent trades and our benchmark UK gas market data.
To support our primary assessments, our p8ublicaion contains an in-depth, region by region summary of trends, trades and fundamentals. Beyond the market, the ICIS GLM report provides breaking-news commentary and analysis on long-running trends shaping the LNG industry.
Liquefied natural gas news and market information products from ICIS
We offer the following regional Liquefied natural gas coverage to keep you informed of factors and developments affecting prices in the Global Liquefied natural gas marketplace.
Price Reporting – More information about the price reports we publish on Liquefied natural gas
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Liquefied natural gas
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Global LNG spot prices rose sharply at the beginning of the 2013/2014 northern hemisphere winter on the back of sustained demand competition in northeast Asia and an increasingly challenged winter supply scenario.
Japan will enter winter with none of its 50 nuclear reactors operating, pending safety reviews. A minimum six-month review period for each application means it is likely the first reactor will not restart until after the peak winter season.
This pushed more Japanese utilities onto the spot market for replacement volumes, although they faced strong competition from South Korea, which has faced its own nuclear generation issues, and from China, where the government’s promotion of gas-fired power generation to replace coal has fuelled gas demand and forced state company PetroChina to purchase more spot LNG.
A lack of available volumes from leading suppliers was a pivotal factor underpinning the winter price spike. Strong demand from South America was also a key factor in providing market support. Argentina’s state gas buyer ENARSA launched a tender in September for its 2014/2015 baseload supply, equating to around 100 cargoes, the majority of which were awarded by mid-November.
Updated to mid-November 2013
Chinese liquefied petroleum gas (LPG) prices fell during May, before rebounding from June to August as the domestic prices were supported by increasing import prices since June.
On the demand side, domestic demand is largely bearish because of high temperatures.
On the import side, importers secured large volumes of cargoes for June delivery. June import volume reached 54,000 tonnes, the highest level in the recent five years since 2007. The increase in volume was due to the rebound of import prices in June, and the prices were expected to rise further in the near term. Furthermore, importers' stock levels were low in late May, which led Chinese importers to purchase to build up their stocks in June. The import volume subsequently fell during July and August, ICIS C1 data showed.
China’s first propane dehydrogenation (PDH) plant received the first propane cargo in late June, and it was supplied by Japanese trading firm Marubeni. The PDH plant, started up by Tianjin Bohua Petrochemical, is expected to start operations in mid-September. Several other PDH plants in China might be starting up in first quarter of next year.
Updated to mid-August 2013
Our expert ICIS editors and reporters closely follow the LNG markets, keeping you up-to-date with the latest pricing information, market developments and news as it happens. Our insights are available in a daily and a weekly report ensuring you have access to the right information in the frequency you want to consume it:
LNG Markets Daily - delivers expert and highly regarded global daily price assessments for the LNG markets, while also ensuring you have access to the latest news and most comprehensive report of spot market negotiations, guaranteeing you are receiving all the key market moving information first. Find out more >>
Global LNG Markets - gives you a high level picture of the week's spot LNG market movements and news as well as going deeper to analyse longer term industry trends and long-term contract information. In addition to news, features and industry focus pieces, the report is data rich. It provides the most comprehensive list of spot trade information in the market, shipping cost calculations and spot netback indicators, ICIS key DES price assessments, key European and US benchmarks and European and Japanese forward contract prices. Find out more >>
ICIS offers an unmatched historical data series thanks to its pioneering work on the energy markets. Whether you are looking to build pricing models, analyse past trends or strengthen your risk management strategy, ICIS historical data will help you make better decisions and complete your data archive.
Our historical pricing information includes price assessments, indices and trades and - for some markets - stretches as far back as 1994. Our historical data suite can provide you with: price assessments and trades for Europe's most liquid hubs; benchmark indices series for flagship NBP market; unrivalled price history for seven European power markets; LNG price assessments, pool prices and trades; detailed pricing information for the crude oil, carbon and coal markets; tailored packages to suit your needs.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Liquefied natural gas, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.