Suyash Pande

Nov 28, 2024 | spglobal.com | Suyash Pande

Venture Global has sold LNG cargoes from its new Plaquemines terminal for the initial months of 2025 through a short-term strip offered earlier in 2024, multiple trade sources told S&P Global Commodity Insights. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.

Nov 18, 2024 | spglobal.com | Suyash Pande

Indian city gas distribution companies, or CGDs, have seen their domestic gas volume allocation reduce substantially from Nov. 16, which will lead them to tap the regasified LNG market, market sources said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Indraprastha Gas, Mahanagar Gas and Adani Total Gas informed the exchanges Nov. 16 about the reduction in allocation of domestically produced gas by varying percentages of 13%-20%.

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 14, 2024 | spglobal.com | Suyash Pande |Megan Gildea |Melody Li

Chinese state-owned Sinopec's heads of agreement with TotalEnergies for the supply of LNG is likely being discussed at a price of around 12% crude oil slope or lower amid current market conditions, sources told S&P Global Commodity Insights. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. The HOA signed on Nov. 4 allows to supply 2 million mt/year of LNG to Sinopec for 15 years, starting in 2028.

Oct 21, 2024 | spglobal.com | Ying Ting Lew |Suyash Pande

Platts JKM -- the benchmark price reflecting LNG delivered to Northeast Asia -- is expected to be rangebound in the week to Oct. 25, with market fundamentals unchanged and winter procurement largely completed for 2024. Nonetheless, temperature fluctuations in the coming month will play a pivotal role in influencing LNG demand and price movements. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.