Delay In Projects Threaten LNG Market Balance

The global liquefied natural gas (LNG) market, which was set to be constantly loose in the second part of this decade, is instead set to get tighter and could even see annual supply deficits as a result of likely delays in the development of LNG projects in Mozambique due to the country’s worsening security situation, a Rystad Energy report reveals, says an article published on Rystad Energy.

A setback

Mozambique was once poised to catapult into the upper ranks of global LNG producers by the...

https://mfame.guru/delay-in-projects-threaten-lng-market-balance/

Asian LNG Hits 4-month High Amid Soaring U.S. Gas Prices

  • European and U.S. gas prices rise this week
  • Gorgon LNG plant supply issues boost Asian prices
  • Several buy tenders issued this week

Asian spot liquefied natural gas (LNG) prices jumped to a more than four-month high this week, tracking firmer gas prices in Europe and the United States, and as major cities in North Asia face warmer-than-usual weather potentially boosting demand, reports Reuters.

Bullish market

The average LNG price for September delivery into northeast Asia LNG-AS was estimated at...

https://mfame.guru/asian-lng-hits-4-month-high-amid-soaring-u-s-gas-prices/

LNG Shipping Costs Witness A Tumultuous Ride In 2021

Early 2021 witnessed a strong rebound in the regional LNG markets, with Asian spot LNG prices hitting over $30 mmBtu and European hub-based spot prices reaching almost $10 mmBtu, which was impressive compared to the $2 mmBtu experienced in summer of 2020, reports the Peninsula.

Uptick in LNG demand

A dramatic jump in prices was mainly driven by an uptick in LNG demand, amid a colder-than-usual winter season in Asia and Europe, as well as the stagnation of global LNG supply, which was at the same...

https://mfame.guru/lng-shipping-costs-witness-a-tumultuous-ride-in-2021/

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