Coal-to-gas switching in Asia to accelerate in 2026
Asian economies take advantage of falling LNG prices by switching from gas- to coal-fired generation. “Around 30% of the 380 billion cubic metres (bcm) of gas demand growth has come from coal-to-gas switching since 2010, and virtually all of this happened in China," the International Energy Agency (IEA) finds.
TTF gas prices keep falling on surging global LNG supply
European gas prices continued to soften in November, with TTF month-ahead prices down by 25% year-on-year to $10.5 per MMBtu as a 15% yoy surge in global LNG supply outstrips demand.
TTF price falls as market recalibrates after EGAS’s bid for 20 cargoes
Front-month price at the TTF, Europe’s most liquid gas trading hub, is recalibrating after a bid from Egypt’s EGAS for 20 LNG cargoes for October-December delivery had tightened supply. With the EGAS tender fully awarded – at a premium to the TTF – the market is now less tense and October gas futures were last seen trading below $11.26/MMBtu.
