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LNG: LNG Arbs Shifting To Asia After Recent TTF Declines

LNG
BulletEnergy BulletsCommodities

TTF declines have shifted the global LNG arb to Asia, according to Spark Commodities. 

  • Declines in TTF prices have seen the SparkNWE DES LNG price drop by around $4/MMBtu (23%) in the last 4 weeks.
  • This has caused an increase in global arbs, with Qatari arbs strongly signalling to Asia and the Nigerian arb marginally also pointing to Asia, Spark Commodities said.
  • The US arb via COGH remains pointing to Europe but has significantly narrowed.
  • Yesterday’s TTF rally has stalled the increase in global arbs, with the Nigerian arb almost at breakeven levels after opening up last week. 
lngarbsshifting

Source: Spark Commodities 

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TTF declines have shifted the global LNG arb to Asia, according to Spark Commodities. 

  • Declines in TTF prices have seen the SparkNWE DES LNG price drop by around $4/MMBtu (23%) in the last 4 weeks.
  • This has caused an increase in global arbs, with Qatari arbs strongly signalling to Asia and the Nigerian arb marginally also pointing to Asia, Spark Commodities said.
  • The US arb via COGH remains pointing to Europe but has significantly narrowed.
  • Yesterday’s TTF rally has stalled the increase in global arbs, with the Nigerian arb almost at breakeven levels after opening up last week. 
lngarbsshifting

Source: Spark Commodities