The Global LNG Market in 2015: Q1 First Estimates and Outlook

Posted in LNG Markets, LNG Service, Natural Gas Statistics on

In 2014, the LNG year was somehow a replica of the previous one as it was characterized by rising Asian demand, decreasing European demand and a high price differential between the two biggest LNG markets. In 2015, as the trade data of Q1 show, the dynamics are likely to be different. First data show that the pressure on the Asian market is falling due to lower demand and growing production in the Pacific basin. In addition, gross imports are increasing in Europe while the re-export business is collapsing. Elsewhere in the world, the LNG industry continues to develop, as new projects keep coming on stream.

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International Gas Prices – June 3 , 2015

Posted in International Gas Prices, Natural Gas Market, Natural Gas Prices on

NBP: a significant decrease

NBP and Coal priceThe average NBP price fell by 5.5% in May to €20.9/MWh ($6.8/MBtu). So far, the overall downtrend observed since mid-February has not been as steep as it was last year. In May 2014, the price average stood at €19/MWh ($7.6/MBtu), i.e. 10% lower than in May 2015.

Nor are forward markets anticipating a downtrend for the next few months as sharp as that occurring in 2014, with the NBP falling below €17/MWh ($6.8/MBtu) between June and August. The forecast is that prices will slip to €19.8/MWh ($6.6/MBtu) during the summer.