-
Nov 19, 2024 | 
spglobal.com | Sakshi Jalan |Roudy Dirani |Clio Ho
The UK is set to receive its highest LNG volumes since February as it becomes the preferred destination for diverted LNG cargoes due to slot availability. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. According to S&P Global Commodity Insights data, the country has imported 424,000 mt of LNG in November so far and should receive around 291,000 mt more.
-
Nov 14, 2024 | 
spglobal.com | Aly Blakeway |Sakshi Jalan |Suyash Pande |Clio Ho |Angeles Rodriguez
Northwest European LNG prices flipped to premium territory versus Northeast Asian benchmarks for the first time this year as European worries over supply shortages bolster sentiment. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Platts, part of S&P Global Commodity Insights, assessed the JKM -- the benchmark price reflecting LNG delivered to Northeast Asia -- for December at $13.821/MMBtu on Nov. 14, up 31.4 cents/MMBtu or 2.3% day on day.
-
Nov 13, 2024 | 
spglobal.com | Sakshi Jalan |Hassan Butt |Stuart Charlton Elliot
The supply of Russian LNG into Europe continues at a steady rate, with a number of EU countries still taking cargoes in the absence of EU-wide sanctions against imports. But EU sanctions banning the transshipment of Russian LNG at EU ports for delivery to non-EU countries will come into effect at the end of March 2025, while a ban on Russian LNG into EU terminals not connected to the gas grid is already in effect. Not registered?
-
Nov 5, 2024 | 
spglobal.com | Nikita Pravilshchikov |Roudy Dirani |Thomas Seth |Aly Blakeway |Sakshi Jalan
Energy markets across the globe saw strength from uncertainty around the US presidential election Nov. 5, with gas and LNG markets seeing support US voters headed to the polls. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Platts last assessed the Dutch TTF month-ahead contract at Eur40.325/MWh Nov. 4, a rise of 3.84% compared with Nov. 1.
-
Oct 31, 2024 | 
spglobal.com | Hassan Butt |Sakshi Jalan
The EU will offer its support to the planned development of the Vertical Gas Corridor project as part of efforts to diversify gas supplies, with US LNG expected to play a pivotal role in boosting energy connectivity across the region, an EU official with knowledge of the project has told S&P Global Commodity Insights. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
-
Oct 30, 2024 | 
spglobal.com | Thomas Seth |Sakshi Jalan |Roudy Dirani
Dutch TTF natural gas futures saw combined long and short positions exceed 3 billion lots by Oct. 25, driven by increased activity from investment funds amid shifting market dynamics and geopolitical tensions. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Total long and short positions held for Dutch TTF natural gas futures rose further over the week ending Oct.
-
Oct 15, 2024 | 
spglobal.com | Aly Blakeway |Clio Ho |Sakshi Jalan |Megan Gildea
Imports of liquefied natural gas into Egypt at the start of 2025 due to ongoing domestic constraints could further tighten the European market as Europe looks to replace lost Russian gas volumes through Ukraine with LNG, sources said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
-
Oct 10, 2024 | 
spglobal.com | Roudy Dirani |Thomas Seth |Aly Blakeway |Sakshi Jalan |Nikita Pravilshchikov
Natural gas prices for the UK NBP month-ahead contract have climbed to a robust premium versus Europe's benchmark, the Dutch TTF hub, as market participants eye higher temperature-related winter demand and a need to secure LNG cargoes in a competitive market. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Platts, part of S&P Global Commodity Insights, assessed the UK NBP November contract at Eur39.32/MWh (or 96.44 pence/therm) on Oct.
-
Oct 8, 2024 | 
spglobal.com | Clio Ho |Aly Blakeway |Sakshi Jalan
Weaker arbitrage opportunities for LNG have emerged due to a narrowed price spread between the Asian and European markets, prompting some cargoes originally destined for Asia to redirect towards Europe. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Platts, part of S&P Global Commodity Insights, assessed the DES Northwest European marker for November at $12.851/MMBtu on Oct. 7, down around 0.12% on the day.
-
Sep 25, 2024 | 
spglobal.com | Aly Blakeway |Sakshi Jalan
Low hydro reservoirs because of recent heat waves in Brazil has sparked strong buying interest for waterborne LNG cargoes, with traders expecting the country to heighten the global race for the super-chilled fuel over winter. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Recent heat waves across Latin America have pushed buyers in the region to procure LNG volumes on the spot market to help satiate domestic power generation needs, sources said.
