Spot LNG prices for March delivery to east Asia held firm at over $10.00/MMBtu during the last four weeks. Demand remained strong after cold weather, while production outages at plants including the US Sabine Pass and Malaysia’s Bintulu cut supply. Consumers who had delayed buying in February in the hope of a downturn in prices […]
Energy Connections
LNG Markets Analysis Spot LNG prices up on outages, crude
Spot LNG prices for east Asia held steady for most of the last four weeks at around $11.00/MMBtu for February deliveries, but started climbing higher towards mid-January on the back of maintenance outages at major production facilities, and influenced by the continued uptrend of crude oil. Asian LNG has maintained, and even widened, its premium […]
LNG Markets Analysis European outages boost Asian spot LNG
Spot LNG prices for east Asia and Europe climbed higher across the past month as the key buyers in the two regions moved further into winter, with gas supply problems in Europe providing a sharp boost higher towards the end of the period. Spot LNG prices for South America, however, held fairly steady, with the […]
LNG Markets Analysis East Asian LNG price gains 4% on Korean buying, outages
The ICIS June East Asia Index (EAX) for spot LNG averaged $5.690/MMBtu during its period as the front-month assessment, rising 4% from the previous month and up by 27% from the previous year. From a peak of $9.850/MMBtu at the start of January, the front-month EAX fell to $5.250/MMBtu at the end of the northern […]
Clock is ticking on MiFID II
Time is running out for energy companies that have to work out if they will be included or exempted by upcoming financial rules that will make some of them operate like banks. The European Commission in December published long-awaited rules on the two tests that energy firms will have to carry out to see if […]
No alternative: Europe’s low-carbon energy transition will come of age in 2017
“Alternative energy”. Is that still a common phrase? In some quarters, it is. In a recent New York Times Trump-themed article, the phrase was in the headline, while market operator Nasdaq continues to publish a monthly Alternative Energy Stock Outlook. In July 2016, the phrase even snuck into an ICIS article. But this is 2017. […]
Should the EU get tough on the gas network codes?
Following the recent publication of the EU Agency for the Cooperation of Energy Regulators’ (ACER) annual reports on the implementation of two of the five gas network codes, it has become clear to some in the European gas industry that, at this stage, the EU’s vision of a single energy market is still something of […]
2016 – for LNG it was the year that wasn’t
The long-awaited surge of new global LNG production has not led to the widely-expected and sustained oversupply in the market, at least so far in 2016. The expected end of European reloads as a result of more production starting up in both Atlantic and Pacific basins has also not come to pass. ICIS spot prices […]
Ballast bonuses sink shipping activity
The cancellation of two planned LNG vessel charters in Europe this week shows that it’s becoming harder and harder to get hold of an LNG carrier at the right price in the Atlantic Basin. Danish energy company DONG and Swiss trader Glencore were both in discussions with ship owners about chartering vessels for reloads in […]
A crazy week in UK power. But will the madness return this winter?
In recent days, UK power has been a crazy energy market to trade in. Late in the day on 14 September, a 50MW, £105.00/MWh front-week trade – a transaction worth nearly £900,000 – was down almost 10% at £95.00/MWh, £100,000 wiped off its value, within just 35 minutes. In terms of jaw-dropping potential, this was […]
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