LNG

Bullishness abounds for LNG prices and winter 2026/27 contracts at Europe’s benchmark TTF gas trading hub after US President Donald Trump threatened to impose a US toll on shipments through the Strait of Hormuz. For spot prices, the sell-off after the peace memorandum was short-lived.

Asian buyers are returning to the market despite elevated regional LNG prices due to the partial outage of Inpex-operated Ichthys LNG in Australia and Malaysia’s Bintulu LNG. At least one Japanese utility secured a prompt delivery in end-September – at a premium to JKM prices – to fulfil power requirements created by a warm summer and autumn so far.