Europe struggles to attract LNG to refill storages
As Asian netbacks for delivered LNG cargoes outbid European prices, buyers are struggling to attract sufficient volumes to offset a looming storage shortfall. An additional 40 cargoes per month would be needed over the next five months, according to ICIS calculations, though economists doubt this is achievable.
Exxon sees 3% of Q1 production shut for up to five years
ExxonMobil has acknowledged damage to two LNG trains in Qatar was responsible for half of its 6% worldwide production outage, indicating the 3% Ras Laffan shortfall could linger on for up to five years, considering the repair timeline.
Indonesia needs LNG imports to avert near-term gas shortfall
PT PLN Energi Primer Indonesia, a subsidiary of state-owned Persero, has found a growing need for LNG imports to balance a near-term shortfall in domestic gas production. Together with JERA, PLN EPI aims to develop an adaptable LNG import model, capable to respond to market fluctuations and ensure Indonesia long-term supply reliability.
Europe’s latest ‘Dunkelflaute’ shows importance of gas power
Europe's latest episode of dark and almost wind-still weather – dubbed Dunkelflaute – has once again highlighted the importance of flexible gas generation. Low wind speeds since early November reduced wind power output by 40% yoy, or nearly 15 TWh compared to November 2024, IEA figures show and that shortfall was largely offset by flexible gas power plants ramping up output by 65% yoy, or 13 TWh.
