Liquified Natural Gas (LNG)

Liquefied Natural Gas (LNG) is a liquid formed by cooling natural gas to around -162 degrees Celsius (-260 degrees Fahrenheit). This makes it easier to store and transport.

LNG is a crucial component of the global energy market, serving as a cleaner alternative to traditional fossil fuels in various sectors such as power generation, transportation, and industrial applications.

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Edge Updates

LNG Market Report: Will the TTF Bulls Pick Up?

European countries reliant on Russian gas are scrambling to find ways to pay for supplies after new US sanctions on Gazprombank, which could disrupt payments and halt gas flows, particularly affecting Hungary and Slovakia. Potential solutions include waivers or alternate payment mechanisms, but geopolitical complexities and the impending transition to a Trump administration add uncertainty.

LNG Market Report: Winter Calling

The M1 Henry Hub natural gas futures rallied to $3.563/MMBtu on 22 Nov, although the benchmark natural gas futures contract appears to be meeting resistance at this level. According to LSEG, the amount of gas flowing to the seven big operating US LNG export plants was on track to rise to a 10-month high this week….

LNG Market Report: Make Henry Hub Great Again

The Dec’24 TTF rebounded in early November due to winter demand concerns, Norwegian outages, and the looming Ukraine-Russia gas transit expiration. European LNG imports rose for the first time in 10 months, while Asia’s declined. The Dec’24 JKM softened to just above $13/MMBtu on mild temperatures and secure North Asian supply…

LNG Market Report: Bears in Transit

Government and company officials are in discussions about potential imports of gas from Azerbaijan through Russia and Ukraine to replace a transit deal that expires at the end of the year. Negotiations were continuing as of last week, Bloomberg previously reported.

LNG Market Report: Gone with the (Bullish) Wind

QatarEnergy’s joint venture, which aims to convert the Golden Pass LNG import terminal in Texas into a large-scale export facility, has requested a three-year extension from US authorities to complete the project by 30 November 2029

LNG Market Report: Out(r)age

QatarEnergy’s joint venture, which aims to convert the Golden Pass LNG import terminal in Texas into a large-scale export facility, has requested a three-year extension from US authorities to complete the project by 30 November 2029

LNG Market Report: Ukraine’s Uno Reverse

The expansion of LNG exports is responsible for scores of premature deaths and nearly $1bn in annual health costs, according to a new report from the green groups Greenpeace and Sierra Club. The report links air pollution from LNG exports to an estimated 60 premature deaths and $957m in total health costs each year.

LNG Market Report: Europe in Charge

ExxonMobil and QatarNergy are delaying the start-up of their $10bn joint venture Golden Pass LNG export project in Texas to late 2025 from 1H25 after work at the facility stalled following the bankruptcy of the lead contractor. Zachry Holdings.

LNG Market Report: Car-no-goes

A US court ordered federal regulators to reassess the impact of greenhouse gas emissions from Commonwealth LNG’s Louisiana project, potentially delaying full approvals.

LNG Market Report: There’s Nor-way the Gas is Back On!

Freeport LNG has sued contractors Zachry Industrial, Chiyoda International, and CB&I over defects in electric motors at its Texas plant, which have led to significant outages and costly repairs, with damages exceeding $1 million.

LNG Market Report: Will the Bulls Evaporate in this Heat?

The National Grid announced its plan to sell Britain’s largest liquefied natural gas (LNG) terminal, Grain LNG, as part of its strategy to streamline operations and focus on networks, as stated during the presentation of its 2023/24 business year earnings.

Waha-ha-ha-ha Hub – LNG Market Report

As crude prices strengthen, producers remain keen to keep crude flowing. However, these wells in the US produce natural gas as a by-product, leading to an even greater supply glut.

Good LNG Friday

Credit Agricole announced its decision to abstain from providing financing to two significant LNG projects. This move reflects the bank’s dedication to refraining from supporting new fossil fuel developments…

Heating Demand Who?

This fortnight in LNG, we have seen a poor heating demand in Europe amid stocks still at 66% of full capacity compared to last fortnight’s levels of 70%, on Jan 31. Read more in our LNG Report.

A Cold-play

With a forecasted cold snap in Europe a bullish run is expected in the prompt TTF contract.

Wuthering Freights – I’m So Cold

These last two weeks in LNG: we have seen a lack of support despite freezing weather as most LNG benchmarks were seen weakening, with Mar TTF notably trading from €34/MWh on Jan 05 to €27.97/MWh on Jan 18. Storage is decreasing but market participants are not worried.

It’s All About the Freight

Freight rates out of the US Gulf Coast fell 10c on the week, in turn weakness spread like the plague into JKM and most notably TTF contracts. Top news this week comes out of Australia, with Woodside Energy and Santos