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NATGAS: Trump Victory to Have Far Reaching Consequence for Gas: Axpo

NATGAS
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Trump’s election as US president is set to have far-reaching, significant effects on global gas markets," Axpo Singapore Managing Director Sophie Ducoloner told Platts.

  • "Trump is expected to fast-track new LNG projects. On the other hand, had the Democrats won, they may not have necessarily rejected these projects but could have implemented more regulatory and environmental processes," Ducoloner said.
  • The gas market is also awaiting what action Trump could take regarding the Russia-Ukraine war as well as potential tariffs on China.
  • China’s demand for LNG continues to remain strong and is seen growing 5%-6% on the year in 2024, sources told Platts.
  • Ducoloner said that the gas market in Asia is more driven by the European context, with a correlation between TTF-JKM much higher than oil & JKM.
  • JKM prices at around $13/MMBtu seem ok now but would have been the peak winter level before the pandemic, she said.
  • Current prices are also too high to induce coal-to-gas switching most of Asia.
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Trump’s election as US president is set to have far-reaching, significant effects on global gas markets," Axpo Singapore Managing Director Sophie Ducoloner told Platts.

  • "Trump is expected to fast-track new LNG projects. On the other hand, had the Democrats won, they may not have necessarily rejected these projects but could have implemented more regulatory and environmental processes," Ducoloner said.
  • The gas market is also awaiting what action Trump could take regarding the Russia-Ukraine war as well as potential tariffs on China.
  • China’s demand for LNG continues to remain strong and is seen growing 5%-6% on the year in 2024, sources told Platts.
  • Ducoloner said that the gas market in Asia is more driven by the European context, with a correlation between TTF-JKM much higher than oil & JKM.
  • JKM prices at around $13/MMBtu seem ok now but would have been the peak winter level before the pandemic, she said.
  • Current prices are also too high to induce coal-to-gas switching most of Asia.