LNG

LNG demand growth east of Suez is expected to exceed regionals supply, so Asian buyers are looking to pull some flexible Atlantic cargoes to balance. Energy Aspects is bullish against JKM-TTF spreads over the balance of 2025, though call on cross-basin is lower this year as contractual term cover in the top five Asian markets – China, Japan, South Korea, Taiwan and India – has fallen to 82% in 2025.

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.

Thomas Dawson, President of LNG Impel, one of the planners of the Dubai LNG Hub, explains how the project will work.

LNG Impel of Canada and partners from the United Arab Emirates have announced plans to develop a Middle East hub for LNG storage at a cost of around $1 billion.