East Asian spot LNG prices strengthened from mid-July to mid-August as a heatwave in Japan drove electricity demand for air-conditioning higher. This led Japanese utilities to re-enter the market looking for spot cargoes for September and October to replenish their storage tanks ahead of next winter. The Japanese city of Kumagaya, northwest of Tokyo, reported […]
Energy Connections
ICIS View: Turkish lira crisis spells new concerns for energy sector
After losing nearly one fifth of its value within the last week, the Turkish lira recovered some losses, stabilising at TL6.5 to the US dollar in Tuesday’s session. The rebound brought some welcome relief to domestic and international markets, which had been on edge amid fears of national bankruptcies and contagion to the Eurozone and […]
LNG Markets Analysis Asia spot LNG narrows spread to Europe
East Asian spot LNG prices fell back from their summer highs over the four weeks from mid-June to mid-July, narrowing the previously wide spread between European and Asian gas markets. More cargoes were becoming available, with tenders from producers including Papua New Guinea’s PNG LNG and Russia’s Sakhalin, and a flurry of reload cargoes drawn […]
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