Liquefied Natural Gas (LNG) Prices, Price, Pricing | ChemAnalyst

1
Liquefied Natural Gas (LNG) Prices Overview
E-mail info_at_chemanalyst.com website
www.chemanalyst.com/
Market Overview Quarterly Update on Global LNG
Market Asia-Pacific (APAC) During Q4 2020,
North-eastern Asia region saw an enormous surge
in the LNG demand as the winter season hit the
continent causing unexpected shrinkage in
regional supplies exacerbated by lack of shipping
availability. The sudden demand surge, production
issues in Australia and Malaysia-two key
exporters to the Asian market and undue delays
due to congestion at Panama Canal further added
to tight supply. Get more info
https//www.chemanalyst.com/Pricing-data/liquified
-natural-gas-lng-1094
2
Liquefied Natural Gas (LNG) Prices Overview
E-mail info_at_chemanalyst.com website
www.chemanalyst.com/
Combination of these factors triggered a sharp
spike in the LNG price across Asia which
increased almost by five-times since the 2nd
quarter, when the pandemic had driven them below
USD 2.00 per MMBtu due to COVID-led disruptions.
In December, PetroChina and China National
Offshore Oil Corp. (CNOOC) organized global bids
for procuring LNG volumes on Shanghai Petroleum
and Natural Gas Exchange Shanghai as
lower-than-average temperatures and picked-up
manufacturing activity soared the regional
demand. The Japan-Korea Marker (JKM) benchmark
jumped impressively to touch USD 6.8/MMBtu in
November. In addition, the UK benchmark NBP and
TTF in the Netherlands were also trading in the
range of USD 5-6/MMBtu range after collapsing
below USD 2/MMBtu at times in the month of May.
The positive revisions in the global prices going
into the winter months suggest that there is
still scope for the LNG demand to grow in the
coming months. Indias increased focus on
switching from coal-to-gas joined by China and
other Asian countries is likely to propel the
Asian LNG demand in 2021.   North America   North
American LNG exporters seemed more confident
about upcoming projects due to a sharp surge
witnessed in the global prices because of soaring
Asian demand. With spot LNG prices in Asia
witnessing nearly six years high, US LNG
operators showed greater interest in long-term
supply deals that could enable developers to
build new export plants. U.S. LNG exports set a
fresh record in December, averaging around 9.8
billion cubic feet per day. Soaring export demand
from the power sectors further driven by
investments in the Methanol and fertilizer
projects became the key end-use sectors driving
the US LNG market during Q4. Rising demand of LNG
pushed the Mexican government to announce massive
investment in nine energy projects out of a total
of 29 infrastructural projects, all focused
around Natural Gas as revealed during the
quarter-end during the second public-private
infrastructure plan. The countrys three projects
are being developed in the pacific region in the
coming years due to rising import demand for
cheap and reliable LNG from North America via the
shortest transport route.  
3
Liquefied Natural Gas (LNG) Prices Overview
E-mail info_at_chemanalyst.com website
www.chemanalyst.com/
Middle East and Africa   Strong increment in
demand for North East Asian LNG prompted middle
east to remain in the limelight in the global LNG
domain. Leading LNG producer, Qatar was heard
diverting some of its cargoes from Europe to Asia
due to skyrocketing heating demand due to winter
chills. During mid-October, around the 210,000
cbm was directed from Qatar to the Suez Canal,
scheduled for delivery to a European consumer,
was heard turning around to head back east
instead. It later took its course to China.
Looking at the expanding scope of LNG for
supporting the establishment of gas-based economy
in India, the Qatar government set up a task
force in the year-end to identify investment
projects in the country. How we can
help ChemAnalyst addresses the key problematic
areas and risks associated with chemical,
petroleum and petrochemical business globally and
enables the decision-maker to make smart choices.
It identifies and analyses factors such as
geopolitical risks, environmental risks, raw
material availability, supply chain
functionality, disruption in technology and so
on. It targets market volatility and ensures
clients navigate through challenges and pitfalls
in an efficient and agile manner. Timeliness and
accuracy of data has been the core competency of
Chemanalyst, benefitting domestic as well as
global industry in tuning in to the real-time
data points to execute multi-billion-dollar
projects globally. Methodology ChemAnalyst
gathers information through primary research
surveys conducted with various LNG manufacturers,
spread across the domestic and international
market, suppliers and dealers/distributors to
gain insights into value-chains and demand-supply
scenario to assess the market situation.
4
Liquefied Natural Gas (LNG) Prices Overview
E-mail info_at_chemanalyst.com website
www.chemanalyst.com/
Thorough study of companys annual reports and
secondary sources such as exhaustive search on
credible paid databases, including our internal
database is done to verify the information. All
the collected information is analyzed, evaluated
and presented in chronological order to depict a
meaningful and clear picture of the concerned
market.   Our dedicated team of industry experts
comprehensively monitors and analyzes various
aspects of the Global LNG market. The team
analyzes various industrial segments, strategic
viewpoints and provides an analysis of the
industrys performance in the long run. This
would enable our clients in efficiently plan
their future investments, mitigate risk,
understand the cost dynamics and strike out a
balance amidst market volatility.   Critical
examination of the impact of COVID-19 pandemic on
the global supply chains and shift in demand
patterns with change in buying behavior of
consumers across the globe.   Several ongoing
development projects across industries are
tracked, followed by the details of major
projects in the development stage, which can
positively or negatively influence Global LNG
market.   Pricing is captured through exhaustive
primary interviews with domestic and
international manufacturers, suppliers, traders
and importers and customers on daily, weekly,
monthly, and yearly basis.   Finally, region-speci
fic markets for LNG are analyzed and region-wise
demand pattern is tracked.
5
Liquefied Natural Gas (LNG) Prices Overview
E-mail info_at_chemanalyst.com website
www.chemanalyst.com/
About Liquified Natural Gas (LNG) is a clear,
colorless, and environment friendly liquid which
is found in deposits at least 4500 meters below
the earth surface. Techniques such as hydraulic
fracturing or fracking, vertical drilling and
acidizing are the common practices to extract
natural gas from the earth. When natural gas is
cooled to liquid state at -162deg Celsius, the
cooling process shrinks the volume of the gas
around 600 times, making it easier and safer to
store and ship. The liquefication of Natural Gas
is a way to transport natural gas to long
distances when pipeline transport is not
feasible. In its compact liquid form, natural gas
can be shipped in special tankers to terminals
where LNG undergoes regasification to be further
transported through pipelines for distribution
purposes. Natural gas finds usage across several
applications. Residentially, it is used for
cooking, home heaters and generating electricity,
while for commercial purposes it is used for
heating, generating electricity and manufacturing
products like fertilizers, paints, medicines and
at times fueling commercial vehicles.