Market Insights

So far in Dec24, marginal power prices in the day-ahead market in Japan are tracking well below the economics of a marginal gas unit generating from a JKM-indexed LNG cargo.

Some local data commentary addressing the marginal LNG bid, or current lack thereof, from gas generators in southern China. In Guangdong alone, there is currently ~45 GW of installed gas generation capacity. By comparison, the Read more

On 21 November 2024, FERC granted Venture Global’s request to commission and introduce hazardous fluids into the first block of the Plaquemines LNG project. While each block of Plaquemines is quite small at 1.2mtpa, ramp-up Read more

Shimane 2 and Onagawa 2 are progressing towards restarts during winter 24/25, with a third reactor restart in the cards before next winter. More from the Japan Times: https://www.japantimes.co.jp/news/2024/11/12/japan/shimane-nuclear-reactor-back-online/

During the second week of November 2024, the amount of LNG in regasification terminal tanks located on the Continent returned to levels last seen in September 2024.

For October 2024, the combined LNG imports of Brazil+Colombia+Argentina will likely surpass imports into Spain+Portugal+UK, offering a clear perspective on basis (PVB and NBP).