Unprecedented gas price surge in recent months has tilted United Kingdom into crisis mode, but the problem is spreading across Europe and the rest of the world.
After dramatic start to 2021, one might have expected a more settled summer LNG market. However, several key factors have generated some of the most interesting few months in the market. Vortexa reviews these developments to distil key drivers and emerging trends across the global LNG markets.
Vortexa evaluates if the current large volumes of seaborne diesel on the water are a demand pull or a supply push from refineries as they max out gasoline production.
Despite encouraging LNG pricing fundamentals, freight rates could plateau on the back of thinning US exports, reduction in tonne-miles and an influx of LNG carrier tonnage.
Vortexa outlines how supply and demand dynamics appear to be improving for LNG markets in a supportive price environment
China's LNG imports have soared to record levels as a cold snap sweeps through the country. But a slow down in purchases have been seen in recent weeks, as importers turn away from sky-high premiums.
The recent bonanza of exports enjoyed by LNG producers such as the US, fuelled by a demand crunch in Asia, has rippled through freight markets for LNG carriers.
US LNG producers are enjoying what is expected to be a short-lived bonanza as the confluence of depressed international liftings and colder than normal weather in Asia Pacific has recently boosted prices and arbs across gas markets.
The effects of Hurricane Laura, which made landfall on the US Gulf coast on 27 August, continue to be felt in the flows of energy commodities out of facilities in or near the path of the storm.