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 […]
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 […]
ICIS View: UK to close subsidy scheme for smaller renewables
The UK had indicated in 2015 that the generation tariff under the FiT scheme would end in March 2019 but Thursday’s announcement means the export tariff for new instalments will also be scrapped, effectively killing the whole scheme. With no revenue now available for either generating or exporting excess power to the grid, the small-scale […]
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 […]
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 […]
Jump to page: