European Gas Hub
No Result
View All Result
  • Premium Content
    • All
    • Coal Market
    • European Energy Policy
    • European Gas Pipeline Infastructure
    • European Gas Prices
    • European Gas Storage
    • European Gas Supply & Demand
    • LNG
    • Russia
    • Unconventional Resources
    • Hydrogen
    • European power generation
    • Other
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
SUBSCRIBE
  • Premium Content
    • All
    • Coal Market
    • European Energy Policy
    • European Gas Pipeline Infastructure
    • European Gas Prices
    • European Gas Storage
    • European Gas Supply & Demand
    • LNG
    • Russia
    • Unconventional Resources
    • Hydrogen
    • European power generation
    • Other
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
European Gas Hub
No Result
View All Result
Home Gas Prices

European LNG imports compete with Asia

Editor by Editor
1 year ago
min read2 min
European LNG imports compete with Asia
Share on FacebookShare on TwitterShare on Linkedin

Although gas prices in Europe were rising almost continuously between April and early October, this year has most clearly demonstrated what particular region sets the tone for the global LNG market. After a long break, European terminals started to receive large quantities of vessels only in recent months, which among other things eased the supply/demand situation. But Asia’s imports slowed down just for a while, and with colder weather approaching, the region’s players should hunt for cargoes with renewed vigour.

RELATED POSTS

Global-gas-price

Global gas price correlation remained strong in 2022

4 days ago
European-gas-storage

The true value of European gas storage

2 weeks ago
European gas storage spreads normalise

European gas storage spreads normalise

2 weeks ago

In October, aggregated LNG imports to Europe amounted to more than 7 million tonnes, increasing by 60pc from this year’s lowest monthly level in July. Deliveries to NWE and Mediterranean are expected to grow further in November, according to Kpler data.

Europe’s energy crisis reached its acute stage in late Q3 and early Q4, resulting in unprecedentedly high gas prices, which in turn helped to significantly improve the economics of delivering LNG to the region as compared to the previous months in summer. For instance, a trader buying a cargo on an FOB basis in the US Gulf in late September for delivery to the Dutch TTF could make five times as much as in early July. It is not surprising, then, that the European regas facilities imported over 2 million tonnes from the US in October, for the first time in five months.

Now what about US cargo shipments to Asian countries, given a significant rise in Europe-bound supplies?

Actually, there was almost no change in Asia’s LNG receipts from the US in the past three months, while September’s and October’s imports were down just 10pc compared with the figure for July, when cooling demand peaked within the region. East Asia remained a priority export destination for US LNG during all that time, supported by consistently high prices, with Europe drawing spot cargoes away from Chile and Argentina. Unable to withstand the rising cost of LNG available in the market, the two countries cut their imports by 65pc in the last two months.

Already this month, US LNG imports to Asia are expected to reach the highest level since July 2021. Having learned from the previous winter, Asian buyers now have much more LNG in the storage tanks than a year ago, but La-Niña will keep players in the region on their toes in the coming months. And European importers can only dream of having a calm life, as the JKM-TTF spread for December-delivered cargoes indicates.

Source: Yakov Grabar (LinkedIn)

Tags: European LNG importsYakov Grabar
Editor

Editor

Related Posts

Global-gas-price
Gas Prices

Global gas price correlation remained strong in 2022

4 days ago
European-gas-storage
Gas Prices

The true value of European gas storage

2 weeks ago
European gas storage spreads normalise
Gas Prices

European gas storage spreads normalise

2 weeks ago
European-gas-price
Gas Prices

What’s behind the European gas price decline?

3 weeks ago
gas-prices
Gas Prices

International natural gas prices – Cedigaz

3 weeks ago
Global gas supply set to tighten further in 2023
Gas Prices

Global gas supply set to tighten further in 2023

4 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Posts

gas-prices

International natural gas prices – Cedigaz

3 weeks ago
Global gas supply set to tighten further in 2023

Global gas supply set to tighten further in 2023

4 weeks ago
Gas storage market trends in 2021 and 2022 – key takeaways

Gas storage market trends in 2021 and 2022 – key takeaways

1 month ago
Load More

Recent Post

Global-gas-price

Global gas price correlation remained strong in 2022

4 days ago
European-gas-storage

The true value of European gas storage

2 weeks ago
European gas storage spreads normalise

European gas storage spreads normalise

2 weeks ago
Load More

European Gas Hub is an online platform for sharing analysis and information about European natural gas markets more info

Categories

  • European Gas Prices
  • Energy Policy
  • European Gas Infastructure
  • European Gas Storage
  • Coal Market
  • Supply & Demand
  • Gas Supply & Demand
  • LNG
  • Other
  • Unconventional Resources

Recent Posts

Global gas price correlation remained strong in 2022

The true value of European gas storage

European gas storage spreads normalise

Energise your Tuesday!

Sign up to receive our weekly newsletter with new European gas market reports, presentations & analysis. Every Tuesday.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 EuropeanGasHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Coal Market
    • European Energy Policy
    • European Gas Pipeline Infastructure
    • European Gas Prices
    • European Gas Storage
    • European Gas Supply & Demand
    • LNG
    • Russia
    • Unconventional Resources
    • Hydrogen
    • European power generation
    • Other
  • Blog
  • Events
  • Industry Links
    • Industry Association
    • Research Institute / Think Tank
    • Regulatory Body
    • Government Body
    • Consultant
    • Gas Prices
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login

© 2020 EuropeanGasHub | All Rights Reserved

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Energise your Tuesday!

SIGN UP to receive our weekly newsletter with new European gas market reports, presentations & analysis. EVERY TUESDAY!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?