LNG prices

LNG and Ship Fuel Spreads Hit Record Lows

chart of ship fuel prices
Credit: Diogo Hungria/Unsplash

Ship fuel spreads and LNG prices fall to lowest levels in years, states a Freightwaves news source.

Different dynamics for ship fuel as war effect wanes

Fuel is one of the biggest costs in ocean shipping, and fuel pricing has seen some big changes in recent months, featuring new dynamics that haven’t been seen in years.

Prior to the IMO 2020 regulation implemented on Jan. 1, 2020, most of the world’s commercial ships ran on 3.5% sulfur fuel known as high sulfur fuel...

https://mfame.guru/lng-and-ship-fuel-spreads-hit-record-lows/

A Case Study On LNG Capable Ships

  • The recent study from UCL, Exploring methods for understanding stranded value: case study on LNG capable ships, is a flawed academic exercise, detached from reality.
  • In setting out a framework for their analysis the authors make innumerable contestable and unsupported statements.

A recent news article published in the Sea-LNG deals with Sea-LNG response to UCL report exploring methods for understanding stranded value: Case study on LNG capable ships.

Unprecedented spike in LNG prices

Somewhat...

https://mfame.guru/a-case-study-on-lng-capable-ships/

Coal and LNG Prices Surge in Asia, Time for Renewable Energy?

  • Liquefied natural gas (LNG) and thermal coal prices in Asia have been roaring ahead in recent months amid strong demand.
  • But while welcome news for the commodity producers, the rally is a longer-term boon to their main rival, renewable energy.
  • Spot LNG prices have nearly doubled since the post-winter low of $5.60 per million British thermal units (mmBtu), ending last week at $10.95.

A recent news article published in the Reuters by Clyde Russell states that Coal and LNG’s surge in Asia plays...

https://mfame.guru/coal-and-lng-prices-surge-in-asian-market-time-for-renewable-energy/

Europe Stands As Global LNG Price Setter, Finds Wood Mackenzie

  • Global LNG markets were set to tighten over the next five years, driven by a slowdown in global LNG supply growth.
  • But Europe’s market dynamics are turbo-charging the price recovery, with TTF currently trading close to US$9/million Btu, a level not seen since mid-2018.

Following the recent winter spot price spike in Asia, the European market has been sustaining global LNG prices, making the region a battleground for global LNG price formation, new research from global natural resources...

https://mfame.guru/europe-stands-as-global-lng-price-setter-finds-wood-mackenzie/

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/

Japanese Spot LNG Prices Drops Off

Japanese spot LNG prices for delivered cargoes in March dropped substantially from the previous month and the contracted prices almost halved, as well as being well down year on year, says an article published in LNG Journal.

Lowering Prices

Japanese spot LNG prices for delivered cargoes in March 2021 came to $9.30 per million British thermal units compared with $16.30 per MMBtu in February 2021.

The March 2021 contracted price for shipments to Japan averaged $6.60 per MMBtu versus $12.70 per...

https://mfame.guru/japanese-spot-lng-prices-drops-off/

Platts & SEA-LNG Join To Improve LNG Pricing Visibility

Platts and SEA-LNG expands LNG fuel pricing visibility by a new collaboration, says a  press release published on their website.

Fuel pricing visibility

S&P Global Platts (Platts) and SEA-LNG announced a new collaboration to increase visibility in fuel bunker pricing and improve decision making around the viability of using LNG to power fleets.

About the agreement

Under the terms of the agreement, SEA-LNG will display monthly averages of Platts’ daily LNG bunker price assessments on its refreshed...

https://mfame.guru/platts-sea-lng-join-to-improve-lng-pricing-visibility/

LNG Cargo Prices Rise To Unforeseen Heights

  • The combination of a severe cold snap in Asia, supply outages and maritime congestion has propelled spot prices for LNG to previously unforeseen heights.
  • The North Asian price benchmark has now risen 18-fold in less than nine months, outperforming other commodities — even Bitcoin.
  • Winners in this rally include Exxon Mobil Corp., which sold a cargo last week for a record $130 million to Japan, and Total SE, which secured $126 million.
  • Royal Dutch Shell Plc and Houston-based Cheniere Energy...

https://mfame.guru/lng-cargo-prices-rise-to-unforeseen-heights/

JKM LNG Price at Six-year Highs

According to Price agency Platts, JKM LNG price has risen to record high, reports Reuters.

LNG at six-year high price

The Japan-Korea-Marker (JKM) price for liquefied natural gas (LNG) assessed by S&P Global Platts has risen to a record high of $20.705 per million British thermal units (mmBtu), the price agency said.

Asian spot LNG prices are riding at six-year highs, as a cold spell in some countries prompted record imports into the region.

What is the reason?

JERA, Japan’s biggest electricity...

https://mfame.guru/jkm-lng-price-at-six-year-highs/

LNG Market Strikes Gold with Rising Asia and US Exports

  • A strong rise in prices in Asia and record US exports show how demand for LNG is bouncing back.
  • LNG prices in Asia have risen from lows around US$2 per million British thermal units to over US$9 this month.
  • It is driven by disruptions to supply from some large projects, including Gorgon and Prelude, and by a robust recovery in demand.
  • The growth in China’s gas demand has slowed to 4% this year, but LNG is increasing its share of the market and continues to grow at more than 11%.

According to a...

https://mfame.guru/lng-market-strikes-gold-with-rising-asia-and-us-exports/

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