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Oct 1, 2021 · That's led to LNG prices hitting $34 per million British thermal units this week compared with just under $2 mmBtu in May 2020, while European gas prices have catapulted 300% higher this year.
Jan 11, 2021 · The year 2020 is already unforgettable in many ways. The Covid-19 pandemic brought the world to a standstill. With the economy on hold, energy consumption has plummeted including demand for LNG.
- Vanand Meliksetian
Aug 2, 2020 · The LNG market went into a tailspin this year due to the pandemic, but in reality, the global market for natural gas was heading into a downturn at the start of 2020, before the coronavirus led to ...
Feb 4, 2019 · Cargoes now headed to Europe. Lower spot LNG prices in Asia is also causing LNG producers and supplies to divert cargoes to Europe, an unusual move, especially this time of year, given that ...
- Tim Daiss
- Asia’s Demand Rally Set The Spot Price Rollercoaster Moving
- Asia Warming to LNG Contracting Once Again, But Suppliers Must Be Competitive
- Asia Leading The Push For 'Green' LNG
From the lows of below US$2/mmbtu in summer 2020, Asian LNG prices had spiked to unprecedented levels by February 2021. And while nobody was expecting prices to climb as dramatically as they did, the conditions that set up the price rally through November to January were clearly forming several months earlier as rebounding Asian demand wasn’t met b...
Asian LNG contracting is now recovering after a period of low activity last year due to the uncertainty caused by the pandemic. However, along with this recovery a new competitive pricing paradigm is emerging. Recently signed LNG-term contracts are founded upon notably lower levels of oil indexation, typically in the range of 10-11%. The key mover ...
With LNG ranking among the most emission-intensive upstream resource themes, Asian buyers over the past year have raised their awareness of the carbon footprint of LNG. This focus on emissions – largely by buyers in Asia - is changing the market and driving the development of both carbon-neutral LNG and a far greater scrutiny of the carbon emission...
Jan 25, 2021 · The gradual recovery in natural gas demand and adjustments on the supply side helped spot prices recover in the second half of 2020, rising above 2019 levels in Europe and Asia by the beginning of the fourth quarter. Asian spot LNG prices more than quadrupled between the start of December 2020 and mid-January 2021, climbing above USD 30/MBtu.
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Dec 22, 2023 · The average LNG price for February delivery into Northeast Asia fell 6% to $11.9 per million British thermal units (mmBtu), its lowest level since August 13, industry sources estimated.
