EWC erases debt to advance Pagbilao LNG & Power project
Energy World Corporation (EWC) has strengthened its balance sheet by converting $434 million of debt into equity, erasing the group’s external debt to advance its 3 mtpa Pagbilao LNG regas terminal and integrated power project.
JERA signs 5-year LNG deal with Woodside for winter supply
Japan’s biggest power generator JERA has signed a five-year Sale and Purchase Agreement (SPA) with Woodside Energy Trading Singapore to buy three LNG cargoes annually from 2027, securing winter supply of about 200,000 metric tons per year mainly sourced from Woodside’s Scarborough project.
Indonesia needs LNG imports to avert near-term gas shortfall
PT PLN Energi Primer Indonesia, a subsidiary of state-owned Persero, has found a growing need for LNG imports to balance a near-term shortfall in domestic gas production. Together with JERA, PLN EPI aims to develop an adaptable LNG import model, capable to respond to market fluctuations and ensure Indonesia long-term supply reliability.
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.
Europe needs to pay more for flexible LNG as stocks draw down
The TTF needs to price higher at around €57/MWh for the balance of 2025– if European buyers want to succeed in attracting flexible LNG cargoes, as inventories are depleting fast. Reduced Norwegian pipeline gas flows could propel up TTF prices, analysts warn, as Europe lost its ability to further minimise power-sector gas demand.
Upside for TTF Q1-25 prices on supply and cold weather risks
Prices at the Dutch Title Transfer Facility (TTF), Europe’s most liquid gas trading hub, have risen due to a growing risk premium related to residual Russian flows or cold-weather events. The TTF Q1-25 contract is already pricing near the top of the coal–gas fuel-switching range in the power sector.
Global LNG balance may tighten in Q1-2025
Spot and forward LNG prices indicate the supply/demand balance will tighten in December and going into the first quarter of 2025. Following two exceptionally mild winters, markets are currently well supplied at relatively low prices, analysts said, hence a prolonged spell of cold temperatures could squeeze the balance substantially and cause price spikes.
Egypt’s LNG import forecast revised higher
Forecasts for Egypt’s LNG imports have been revised higher by the London-based consultancy Energy Aspects, lowering Europe’s availability to import the super-chilled fuel and burn it to generate electricity this autumn. Analysts are bullish on TTF winter prices, calling them “slightly undervalued” as they started to rebound towards €39/MWh.
