Cold spell in China adds upside risk to JKM-TTF spreads
An early cold wave across northern China is lifting LNG and pipeline gas demand, adding upside risk to the JKM-TTF price spread for balance-of-winter 2025/26. Several cities have started district heating early which boosts gas demand and increases the need for LNG imports.
‘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.
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.
