South Pars strikes escalate TTF prices, squeeze EU-Turkey supply
Asian buyers are set to outcompete Europe for US LNG cargoes, driven by stronger price signals and falling freight rates that reopen arbitrage opportunities to the Pacific basin.
TTF prices bullish on risk of US strikes on Iran
Prompt prices at the Dutch TTF gas trading hub are rising on mounting risk that US strikes Iran – now seen as “more likely than not” – could threaten LNG trade flows via the Strait of Hormuz. Approximately 7.1 million tons per month of LNG from Qatar and the UAE currently transits the Strait of Hormuz, or one-fifth of global LNG trade.
‘Cold Energy’ from LNG regasification used to capture CO2 in Japan
Toho Gas is developing a Cryo-DAC prototype direct air capture plant, designed to absorb one tonne of CO2 a year by using ‘cold energy’ from LNG regas terminals. The protype at Nagoya University is due completed and operational later this year.
