M&A LNG Theme Back in the Spotlight with Total’s Entry in Mozambique LNG

US LNG Price Economic Drivers in the Context of Low LNG and Tariffs

New LNG Projects: On-Track for a Bumper Year of Positive LNG Final Investment Decisions

Quick Take: Asian LNG Spot Prices Fall Below the UK NBP Gas Price

NextDecade’s Oil-Linked Contract Offering Signals More Hurdles Ahead for US LNG Project Developers

Don't Write off Further Aussie LNG Supply Growth: Positive for WPL AU; Negative for US LNG Players

LNG, Oil & Gas, M&A Market Intelligence Specialist

Massimo Bellino

Thematic (Sector/Industry)

Bulgaria Oil, gas and consumable fuels / Thematic (Sector/Industry)

<p>The JKM has halved its value since December, continuing its steady decline and dropping below the TTF, the benchmark for European LNG prices. Asian LNG spot prices are now at their lowest level since May 2015. While a prolonged LNG price downturn could force many projects to be cancelled, the winners among the developers are starting to emerge, aggressively pushing ahead their projects closer to the final investment decision.</p>
<p>Both <a href="https://www.smartkarma.com/entities/26461" target="_blank" data-smartkarma-citation="entities:26461:1">Tellurian Inc (TELL US)</a> and <a href="https://www.smartkarma.com/entities/24382" target="_blank" data-smartkarma-citation="entities:24382:1">NextDecade Corp (NEXT US)</a> signed high-profile deals, respectively with <a href="https://www.smartkarma.com/entities/812" target="_blank" data-smartkarma-citation="entities:812:1">Total Sa (FP FP)</a> and <a href="https://www.smartkarma.com/entities/22108" target="_blank" data-smartkarma-citation="entities:22108:1">Royal Dutch Shell (RDSA LN)</a>, that could significantly de-risk their proposed LNG projects and increase the probability to reach FID in 2019. In Russia, LNG newcomer <a href="https://www.smartkarma.com/entities/24004" target="_blank" data-smartkarma-citation="entities:24004:1">Novatek PJSC (NVTK LI)</a> agreed two long-term offtake deals with <a href="https://www.smartkarma.com/entities/21292" target="_blank" data-smartkarma-citation="entities:21292:1">Repsol SA (REP SM)</a> and Vitol thereby moving a step closer to FID its Arctic LNG 2 project.</p>

The JKM has halved its value since December, continuing its steady decline and dropping below the TTF, the benchmark for European LNG prices. Asian LNG spot prices are now at their lowest level since May 2015. While a prolonged LNG price downturn could force many projects to be cancelled, the winners among the developers are starting to emerge, aggressively pushing ahead their projects closer to the final investment decision.
Both Tellurian Inc (TELL US) and NextDecade Corp (NEXT US) signed high-profile deals, respectively with Total Sa (FP FP) and Royal Dutch Shell (RDSA LN), that could significantly de-risk their proposed LNG projects and increase the probability to reach FID in 2019. In Russia, LNG newcomer Novatek PJSC (NVTK LI) agreed two long-term offtake deals with Repsol SA (REP SM) and Vitol thereby moving a step closer to FID its Arctic LNG 2 project.

JKMがTTFを下回りLNG市場のボラティリティが増加 - 石油メジャーが米国LNGへのエクスポージャーを拡大