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LNG Markets Analysis Soaring Asia widens spread to Europe

Spot LNG prices for East Asia soared during the four weeks from mid-May to mid-June, opening up a wide spread between the European and Asian gas markets, sufficient to encourage traders to look to sell reloads from Europe to the East. The ICIS East Asia Index (EAX) for July rose from $8.450/MMBtu to $11.400/MMBtu, almost […]

ICIS View: Groningen residents’ gain is Europe’s loss

As the bill to cut production from the Netherlands’ giant Groningen field makes its way through the Dutch halls of power, the challenges of implementing it are becoming increasingly apparent. Traders want greater clarity on how fast production will fall, particularly in the coming gas year. Big industrial customers forced to convert infrastructure for use with imported […]

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