Energy Ventures Analysis (EVA) has released a comprehensive report commissioned by the American Petroleum Institute (API), offering in-depth analysis and critical insights into the dynamic landscape of U.S. liquified natural gas (LNG) exports. The report thoroughly examines the transformations witnessed by the energy industry over the past 15 years, providing essential context to recent fluctuations […]
Jan-Feb 2020 Liquefied Natural Gas Market Highlights
The January-February 2020 Liquefied Natural Gas (LNG) market saw a lot of gas and not a lot of buying. Here are some of the dynamics we’re watching as the month comes to an end: Prompt Month Spot Price Dynamics The JKM LNG index for March LNG deliveries to Northeast Asia averaged $4.08/MMBTU over the 30 […]
2019 LNG Market Roundup
In 2019 EVA’s Quarterly LNG Outlook tracked import and export terminal progress, global supply and demand dynamics, and the resulting price price environment. Our major LNG Market 2019 takeaways are as follows: Gas Glut and Price Slump in LNG Market: Mild weather and oversupply drove both Asia and Europe LNG indices to collapse in 2019. […]
EVA Releases Most Recent Quarterly LNG Outlook
EVA is pleased to release the most recent issue of its Quarterly LNG Outlook, which provides a deep but concise dive into the global LNG industry. Special focus is given to the ongoing development of U.S. LNG export projects, but global issues—including crucial shifts in pricing dynamics—are explored in-depth, as well. The report includes short-term (3-year), country-by-country supply […]
Sabine Pass LNG fills the tanks while waiting for Harvey to pass
Despite devastating much of Texas’ Gulf Coast, Hurricane Harvey has by all accounts spared Sabine Pass LNG, located on the Texas-Louisiana border. Owner and operator Cheniere has said operations were largely unaffected by the storm and corresponding deluge. Yet, no LNG cargoes have been loaded at the facility since Thursday 8/24 (just before the storm […]
Quick Trip: Despite increasing pipeline connections, Mexico emerges as the largest importer of U.S. LNG
As of late-April, Sabine Pass has exported more than 100 LNG cargoes to 17 different countries. Regionally, the shipments have been split almost equally between South American, Asian and Middle Eastern markets, fluctuating based on seasonal demand. Yet somewhat unexpectedly, the single largest importer of U.S. LNG is the country that would otherwise seem to […]
Steady Summer Flows: Global price differentials tighten heading into summer, but not enough to shut-in Sabine Pass
Since beginning operations in February 2016, exports from Sabine Pass LNG on the Gulf Coast of Louisiana have flowed at high utilization rates. More than 100 cargoes have already been shipped from the terminal and besides a 3-week shutdown for scheduled maintenance in November, the project has operated at near full capacity. The high output […]
Unwavering Support: Congress and the new administration will likely seek to expedite U.S. LNG exports
Over the last several years, a general bi-partisan consensus had emerged in support of U.S. LNG exports. The Republican party has strongly advocated for exports and while staunch opposition persists among a small set of Democratic politicians, most followed the Obama administration’s position of offering tepid support—provided projects first complete a comprehensive permitting process. Under […]
More Than a Headline? A closer look at non-binding HOA offtake contracts
Despite a strong consensus that the global LNG market is headed into a period of considerable oversupply, developers continue seek every opportunity to garner commercial momentum for their proposed LNG projects. Binding offtake contracts remain a necessity for new LNG projects. Given the scale of the investment and length of the construction timeline, proposed projects […]
Betting Big on Spot: Massive tenders from new importers push LNG spot market to new heights
In the past few months, two relatively new LNG buyers—Pakistan and Egypt—issued unprecedented tenders for short-term LNG supply. The deals, though not fully completed, reflect the convergence of two mutually-reinforcing trends: the rapid emergence of new importers and the heavy surplus of LNG set to hit the market in the next few years. In late […]