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LNG: LNGShips Empress Turns as Asia Regains Premium

LNG
Energy BulletsBulletPower BulletsCommodities

LNGShips Empress has turned back south as Asia regains a small premium, according to ICIS.

  • A number of ships including the LNGShips Empress had diverted towards Europe as TTF prices rallied.
  • Weekly LNG deliveries to Europe are expected at the highest since February next week according to Kpler data.
  • North Asia spot LNG prices have rallied to the highest this year at $15.3/mmbtu amid competition with Europe for supplies, according to Bloomberg.
  • US LNG is showing a small premium to Asia over Europe during Q1 2025 with spreads close to parity for April and May, according to BNEF today. For January delivery, the netback to Asia is up to $11.33/mmbtu and to Europe is up to $11.05/mmbtu.
  • Some Asian buyers are curbing purchases due to the high prices with high inventories in parts of China limiting interest unless weather turns significantly colder.
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LNGShips Empress has turned back south as Asia regains a small premium, according to ICIS.

  • A number of ships including the LNGShips Empress had diverted towards Europe as TTF prices rallied.
  • Weekly LNG deliveries to Europe are expected at the highest since February next week according to Kpler data.
  • North Asia spot LNG prices have rallied to the highest this year at $15.3/mmbtu amid competition with Europe for supplies, according to Bloomberg.
  • US LNG is showing a small premium to Asia over Europe during Q1 2025 with spreads close to parity for April and May, according to BNEF today. For January delivery, the netback to Asia is up to $11.33/mmbtu and to Europe is up to $11.05/mmbtu.
  • Some Asian buyers are curbing purchases due to the high prices with high inventories in parts of China limiting interest unless weather turns significantly colder.