Blog - Page 15

Quarterly report – Q1 2021 – International natural gas prices

Posted in International Gas Prices, Natural Gas Prices on
  • Low storage inventories, combined with robust winter demand in both Asia and Europe kept spot prices relatively high in the first quarter 2021.
  • In the first half of January, Asian and European spot prices spiked to all-time highs as extremely cold weather coincided with tight supply. The Northeast Asian spot price peaked at $30/MBtu by mid-January, opening the widest premiums on record.
  • European and Asian spot prices retreated in the second half of January as buying focus shifted to the March and April shoulder months. Moreover, temperatures had warmed and nuclear availability improved in Japan, while supplies were creeping up in Asia.

GLOBAL BIOMETHANE MARKET 2021

Posted in Biogas – Biomethane – Green Gas on

The International Association Cedigaz has just released its report “GLOBAL BIOMETHANE MARKET 2021 ASSESSEMENT” showing that the overall momentum of Renewable Natural Gas is accelerating.

This report updates the 2019 CEDIGAZ’s comprehensive study on global biomethane (also known as renewable natural gas, RNG). It focuses on biogas upgrading and looks at key developments in the marketplace, policies, and major markets. The main outcome is summarized below.

Quarterly report – Q4 2020 – International natural gas prices

Posted in Natural Gas Prices on
  • In the last quarter 2020, international spot prices continued their upward momentum to exceed last year’s price levels. Asian spot prices in particular rose impressively to peak at a six-year high of 12$/MBtu at the end of the year. 
  • This recent and unexpected spike in Asia was fuelled by Chinese LNG demand, which is rising amid a colder than average winter, and also healthy weather-driven gas demand in other parts of Northeast Asia. On the supply side, diverse LNG plants’ outages limited available LNG supplies. Tight shipping and exorbitant shipping rates also tightened supplies. 
  • In this context, more and more LNG cargoes were redirected from the Atlantic Basin to Asia. In December, the price spread between the US and Asia reached its highest in two years. The Asian spot price premium versus TTF also peaked to more than 3.5$/MBtu.