With the global LNG oversupply causing international gas prices to converge, buyers in the Atlantic and Pacific basins are in close competition to attract rising US LNG exports.
Market participants need to view gas prices in the same currency to make an accurate price comparison between importers in the Middle East, Asia and Europe as global trade grows.
From 22 March, ICIS will publish Day-ahead, Weekend and Month-ahead prices in $/MMBtu for the Dutch TTF and British NBP gas hubs in the European Spot Gas Markets and LNG Markets Daily reports. Read more.
Reporting in $/MMBtu recognises the price-setting influence European gas hubs exert on the LNG market.
Europe’s ample storage capacity and liquid gas hubs mean that it can absorb gas and potentially re-export without meaningfully unbalancing its system. But the region is expected to receive more LNG in the coming years and act as a market of last resort.
This infographic looks at recent gas price developments in various regions and the destinations of nascent US LNG exports so far.
Complete your details to access the market highlight now