According to the JKM forward curve at the midpoint of January 2025, the average price for delivering LNG cargoes to Northeast Asia from March 2025 to October 2025 is above $14/MMBtu – a flat price Read more
Happy New Year! For those looking to challenge their LNG market view for Cal2025 and beyond, the following analysis note offers some short discussion and charts on three risks that could impact the global balance Read more
Although total Chinese natural gas demand is ~9% YoY higher through Nov24, the insignificance of the Oct/Nov monthly delta indicates an expanding fundamental and commercial role for China’s underground natural gas storage capacity.
Through first-half Dec24, China’s prompt LNG imports are impressively weak. Nonetheless, the market’s base of downstream natural gas demand continues to grow YOY, adding further depth to the elasticity of China’s future bid in the Read more
LNG sendout in Spain rips to ~3.7 Bcfd. PVB basis now trading at a premium to TTF in the day-ahead, M+1 and M+2. Strong YOY performance of Spanish renewables had been bearish for PVB basis+LNG Read more
If sustained, this level of feedstock should be sufficient to produce a first LNG cargo.