LNG

Most European LNG buyers are expected to import less than anticipated due to higher prices and tighter markets, with Poten & Partners estimating around 17 mtpa of demand destruction this year, particularly in Italy and Belgium.

Jan 15 (LNGJ) – A steady stream of LNG carriers was heading for the Netherlands this week as the Dutch Title Transfer Facility (TTF) benchmark prices showed falling front-month futures being overtaken by the spot price on the European Energy Exchange. The front-month TTF for February was last at the equivalent of $10.130 million British thermal units while the TTF on the day-ahead spot market on January 15 was at $10.273 per MMBtu.

   The vessels heading for the Dutch terminals, the Gate facility in Rotterdam and the Eemshaven terminal in Groningen, included the “Maran Gas Ithaca”, according to shipping data. That ship  with 170,500 cubic metres capacity was scheduled to deliver a shipment from the Calcasieu Pass plant in Louisiana on January 17 and lifted on December 30, 2023. The “Kool Baltic” with 170,200 of capacity was due to discharge a cargo at Eemshaven on January 18 that was loaded in Trinidad in the Caribbean on January 3. Another vessel heading for the Rotterdam terminal was the “Global Star”, due to berth on January 20. The ship with 173,400 cubic metres capacity loaded its cargo on January 7 at the Sabine Pass plant in Louisiana. Two other ships heading for the Gate terminal with US cargoes are the “Lech Kaczynski” and the “LNG Rosenrot”.