Europe struggles to attract LNG to refill storages
As Asian netbacks for delivered LNG cargoes outbid European prices, buyers are struggling to attract sufficient volumes to offset a looming storage shortfall. An additional 40 cargoes per month would be needed over the next five months, according to ICIS calculations, though economists doubt this is achievable.
European gas prices soar beyond $500 on LNG cost spike
European gas prices have risen above $500 per thousand cubic meters (mcm) reflecting a rise in Henry Hub prices driven by a sharp increase in US LNG exports and cold winter weather.
ICE extends trading hours for European gas & power futures
Intercontinental Exchange (IEC) is preparing to extend trading hours for European gas and power futures to match the 22-hour cycles of US and Asian markets. The move enables seamless LNG cross-basin trade and hedging between TTF, Henry Hub, and JKM benchmarks in aligned hours and US$ pricing.
Risk of US LNG export shut-ins looms large from 2029
Risks abound that some US LNG export capacity will be shut in starting from 2029. If Asia cannot absorb the excess supply by adding import capacity through FSRUs, and there are successive mild winters, analysts reckon the global market will need US shut-ins to balance.
Egypt scales back LNG imports due to lower power-burn
Egypt’s state energy company EGAS has reduced its LNG imports to the Ain Sokhna regas terminal, chartered from Hoegh LNG, by more than a third to 500 million cubic feet per day (mmcf/d). Situated east of Cairo, the Hoegh Gallon FSRU is on an interim charter from the Norwegian shipping company Hoegh, and had been originally destined for Australia.
LNG market fundamentals bearish despite Trump’s election win
Global LNG markets have been pretty unphased by last week’s US election results: near-term demand fundamentals are net bearish as traders await the onset of more severe winter weather. Looking at Q1-2025, uncertainty abounds with regards to Egypt’s LNG demand due to insufficient domestic gas production and escalating tensions in the Middle East.
Global LNG prices increase with focus shifting to winter supplies as liftings fall and spot shipping rates rise
European and Asian liquefied natural gas prices increased this week as market focus shifted from high natural gas storage levels to the likely rapid draw in the weeks ahead on market supplies and with spot LNG charter rates also rising for trading in the Atlantic and Pacific basins.
LNG prices surge 50 percent in a week as cargo liftings fall and futures prices signal doubts over Western policies
Worldwide liquefied natural gas and wholesale pipeline market prices and futures skyrocketed by nearly 50 percent in the past week as US Gulf Coast LNG cargo values hit $18 per million British thermal units for December even amid current substantial European Union gas storage levels as doubts resurface about Western energy security policies.
Peru LNG for UK
April 11 (LNGJ) - The 173,545 cubic metres capacity LNG carrier “Megara” is scheduled to deliver a cargo on April 15 to the UK Dragon LNG import terminal at Milford Haven, according to shipping data. The cargo was lifted on March 20 from the Pampa Melchorita liquefaction and export plant on the Pacific coast of Peru.
Russian LNG for UK
Feb 10 (LNGJ) - The 172,600 cubic metres capacity LNG carrier “Georgiy Brusilov” arrived at the UK Isle of Grain import terminal on the Medway River in Kent on February 10 with a cargo from the Russian Yamal plant in northern Siberia lifted on February 1, according to shipping data. The vessel arrived as the UK wholesale natural gas price, the National Balancing Point, continued to be at seasonal record levels. The NBP was at the equivalent of $24.35 per million British thermal units compared with $6.85 per MMBtu exactly a year ago.
