TTF may need to hit €100 to draw flexible US LNG
European gas prices at the Dutch TTF may need to top €100/MWh to attract enough flexible US LNG cargoes to refill storages ahead of the winter, Goldman Sachs analysts said.
Trafigura signs 5-year LNG supply deal with Venture Global
Venture Global LNG has agreed to sell about 0.5 mtpa of US LNG to commodity trader Trafigura for five years starting in 2026. The contract highlights how traders are locking in flexible US LNG volumes to brace for the risk of a protracted halt of shipments out of Qatar.
Ofgem approves £28bn for UK energy network upgrades
British energy regulator Ofgem today approved the first £28 billion ($37.33 billion) of a total £90 billion of investment in UK power and gas network companies – including greater capabilities for LNG imports.
Korea's first AI data center to be powered by LNG
Amazon Web Services will help SK Group build Korea’s first AI hyperscale data centre in Ulsan, powered by LNG. All electricity needs of the data center will be met by Ulsan Gas Power Station (1,200 MW), capable to switch to LPG when LNG prices rise.
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.
Asian LNG buyers on the lookout for flexible Atlantic cargoes
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.
