Spot LNG prices in east Asia have fallen back rapidly over the last eight weeks, from a year high of $12.25/MMBtu on 17 September to just over $10.00/MMBtu for front-month LNG in mid-November, down more than two dollars. The ICIS East Asia Index (EAX) has traded above last year’s levels throughout the current year. In […]
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Asia LNG price slide boosts flow to Europe
Spot LNG prices in east Asia fell back slightly over the four weeks from mid-September to mid-October, according to the ICIS East Asia Index (EAX). A softer market in Asia reduced the region’s premium to European gas prices and helped to attract increased flows of LNG into the northern European gas markets for early winter. […]
European gas tightens spread to Asian spot LNG
Spot LNG prices in Asia remained firm across the mid-August to mid-September period. Against a background of continuing strong demand, unexpected global production outages decreased supply and new plant starts remained delayed. The utilities in Japan, in particular, were heard looking for cargoes to replenish stocks run down by the high-power generation rates required to […]
Japan heatwave drives up spot LNG prices in Asia
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 […]
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 […]
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 […]
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 […]
LNG Markets Analysis Spot LNG shows strong gains for June
Spot LNG markers for June-delivery cargoes gained 10% on the month and 40% on the previous year as the market trended upwards during the four weeks from mid-April to mid-May. The global appetite for LNG remained healthy, with Argentina tendering for its winter supplies, Europe looking to use its summer to fill up depleted storage […]
LNG Markets Analysis Steady LNG market sees flows pick up to Europe
Spot LNG markers for May delivery cargoes held pretty steady during the four weeks from mid-March to mid-April, with markets comfortably supplied following the end of the east Asian winter and with no major unexpected outages, although there was planned work in Australia, and Papua New Guinea’s LNG plant remained out of action. Australia, PNG […]
LNG Markets Analysis April LNG prices steady, but day-ahead UK gas spikes
Spot LNG markers for front-month delivery held pretty stable over the past four weeks, as improved spot cargo availability at the end of the northern hemisphere winter compensated for the shutdown of the 8.6 mtpa Papua New Guinea production facility. Meanwhile, short-term gas prices for immediate delivery into Europe spiked higher during a severe cold […]