According to early-cycle pipeline nominations for 1 May 2025, feedstock volumes serving Cameron LNG are scheduled to drop to ~1.5bcfd. The Louisiana-based LNG export project is likely embarking on liquefaction plant maintenance. Accounting for liquefaction Read more
Spain’s nationwide blackout on 28 April 2025 delivered the greatest downstream gas market disruption to demand in non-power sectors according to published data. On the initial day of the blackout, a reduction in gas demand Read more
Warmer than average temperatures at the midpoint of the pre-Monsoon season are pushing Indian power load to set its seventh-consecutive monthly record in April 2025. By contrast, April levels of power generation from coal and Read more
Japan’s consumption of LNG imports is in decline. From 2019 to 2024, imports fell by 10mtpa (-37 mmcmd, or -1.3 bcfd equivalent) owing to a multi-year, weakening trend in heating degree days (HDD) together with Read more
Since the Liberation Day announcements on US trade policy, JKM flat prices during 3Q25 and 4Q25 have fallen below the historical settles of recent years for multiple bullet months. While this might suggest that marginal Read more
At the time of writing, commodity markets await further detail on the countermeasures that foreign trading partners of the United States will take in response to US President Trump’s “Liberation Day” announcement on 2 April Read more