Jul. 6 at 8:12 PM
Northeast Asian assessed spot LNG price JKM (August delivery) for last week (29 June – 3 July) rose to mid-
$16S/MBtu on 3 July from low-
$15S/MBtu the previous weekend (26 June)
European gas price TTF for last week (29 June – 3 July) rose to
$15.1/MBtu on 3 July (August delivery) from
$13.6/MBtu the previous weekend (26 June, July delivery)
Note: EU-wide underground gas storage was 49.7% on 3 July, up from 48.0% the previous weekend, down -17.0% from the same period last year & down -23.0% over the 5-year avg
US Nat gas price HH (August delivery) for last week (29 June – 3 July) remained almost unchanged at
$3.2/MBtu on 2 July from
$3.2/MBtu the previous weekend (26 June, July delivery)
Note: Pre-war JKM was in low
$10's/MBtu - therfore spread remains elevated for US exporters
$LNG expects to complete the full 7-train, 10M+ tonne/year expansion in 2026. The project will raise CCL's LNG production capacity to more than 25M tonnes/year & Cheniere's overall capacity to more than 55M tonnes/year
$VG announced new agreement w/ EnBW for 0.82M tonnes/year of LNG for approximately 5 years commencing in 2026 - adds to existing long-term SPAs for 2M tonnes/year for 20 years. Atlantic-SEE is doubling its existing contract from a minimum of 0.5 M tonnes/year to 1M tonnes /year
