LNG market

European gas price rally hits reverse | 26 Nov, 2018

European hub prices doubled between July 2017 and September 2018.  50% of that move happened in Q3 2018. Through the objective barometer of market pr ...

3 key factors driving European hub prices | 22 Oct, 2018

European hub prices have roughly doubled since Summer 2017 from 5 to 10 $/mmbtu (15 to 30 €/MWh).  Half of this price move has happened in a surge ...

Global gas market risk shifting to the upside | 08 Oct, 2018

Price behaviour is the most objective barometer of market balance.  And gas prices in 2018 are signalling a tightening market. Two price moves this y ...

Carbon surge driving up TTF & spot LNG prices | 17 Sep, 2018

A carbon price surge in Europe pulling up LNG prices in China? This may sound like a case of the butterfly effect. But the current tandem rise in carb ...

European gas hub linkage to the LNG market | 27 Aug, 2018

LNG imports account for about 10% of European gas supply (~60 bcm in 2017). Remaining supply is split fairly evenly between domestic production (domin ...

European emissions: Germany in focus | 20 Aug, 2018

European carbon emissions have declined 10% over the last decade, mainly driven by a reduction in power plant emissions. Renewables have led policy ef ...

How FSRU’s are impacting LNG market evolution | 09 Jul, 2018

Floating Storage and Regasification Units (FSRU) combine the key elements of an LNG vessel and regas terminal in a single unit. This can significantly ...

LNG supply next wave: the challengers | 25 Jun, 2018

We set out the prospects of the ‘Top 5’ LNG producers club last week. Amongst these, Qatar is the only ‘sure bet’ contributor to the next wave ...

Next LNG supply wave: the 5 major players | 18 Jun, 2018

The current wave of new LNG supply consists of more than 150 mtpa of committed liquefaction projections coming online between 2015 and 2022. But consi ...

Power sector switching is driving gas hub prices | 21 May, 2018

“Everything comes back to gas prices”. It is not only direct participants in the European gas market that are concerned about the path of hub ...

LNG oversupply setting up 2020s squeeze | 14 May, 2018

‘There is an LNG glut’. ‘No, the market is tight’. Two tribes have emerged within the LNG market and their views are polar. The glut tribe ...

European gas balance: drivers & prognosis | 07 May, 2018

European gas demand hit its ‘high-water’ level of 586 bcm in 2010.  From 2010 to 2014 demand then reversed sharply, falling 19% (111 bcm), and co ...

Russian & LNG imports: a rebalancing act | 09 Apr, 2018

German and Finnish approval of the Nordstream 2 pipeline over the last two weeks helps pave the way for Russia to continue its role as predominant gas ...

European production flex is declining fast | 26 Mar, 2018

Europe faces a structural decline in domestic gas production.  Domestic output (excluding Russia) is set to decline from 252 bcma in 2017 to 150 bcma ...

Will LNG bunkering transform the LNG market? | 12 Mar, 2018

Tightening emissions standards are supporting structural growth in the uptake of LNG as a shipping fuel.  Europe has led this transition, dominating ...

Deconstructing LNG shipping costs | 26 Feb, 2018

Shipping costs seems like a relatively obscure topic.  Yet one of the most popular articles in our blog archive is a 2013 article that provides a bre ...

Hub pricing is already winning in Asia | 22 Jan, 2018

Have you heard the following arguments? The Asian LNG market cannot transition to hub pricing because: Existing Asian LNG supply contracts are ...

5 energy market surprises for 2018 | 08 Jan, 2018

Welcome back to our first feature article of the year.  We kick-off the year with a set of 5 potential surprises to watch for on the radar screen in ...

Asian portfolios drive LNG contracting evolution | 04 Dec, 2017

Asian demand growth has never been more important for the LNG market.  Two credible scenarios bound the range of likely outcomes: High demand ...

Cracking the new US export business model | 06 Nov, 2017

48 mtpa of 2nd wave US export projects are queued to go.  They have sites, FERC approval and in many cases good access to infrastructure and skilled ...

Where will the next wave of LNG supply come from? | 30 Oct, 2017

The 2015-2020 wave of new LNG supply has been built on Australian and US export projects. Australian liquefaction projects were underwritten by long t ...

Barometers for LNG market tightness | 25 Sep, 2017

There seems to be an increasingly polarised debate about the state of LNG market balance.  This debate turns around use of the term ‘glut’. In ...

How Russia can balance the global gas market | 11 Sep, 2017

After the wild ride of 2014-16, a consensus is re-emerging as to the way forward for the LNG market. Across industry conferences, capital market prese ...

European gas supply sources: Norway | 10 Jul, 2017

Norway benefits from low sovereign risk, commercial flexibility and close proximity to key gas demand centres. Norwegian exports to Europe hit a recor ...

Practical view of Brexit impact on UK gas market | 03 Jul, 2017

The uncertainty surrounding Brexit is a breeding ground for theories and threats. There are some genuine economic risks posed by Brexit that may have ...