JKM

CHESAPEAKE ENERGY CORPORATION, DELFIN LNG AND GUNVOR SIGN LONG-TERM LNG LIQUEFACTION OFFTAKE AGREEMENT INDEXED TO JAPAN KOREA MARKER

Retrieved on: 
Tuesday, February 13, 2024

OKLAHOMA CITY, Feb. 13, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ: CHK, together with certain of its subsidiaries, collectively, "Chesapeake"), Delfin LNG LLC ("Delfin") and Gunvor Group Ltd, through Gunvor Singapore Pte Ltd ("Gunvor"), today announced the entrance into a liquefied natural gas (LNG) export deal that includes executed Sales and Purchase Agreements ("SPA") for long-term liquefaction offtake.

Key Points: 
  • OKLAHOMA CITY, Feb. 13, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ: CHK, together with certain of its subsidiaries, collectively, "Chesapeake"), Delfin LNG LLC ("Delfin") and Gunvor Group Ltd, through Gunvor Singapore Pte Ltd ("Gunvor"), today announced the entrance into a liquefied natural gas (LNG) export deal that includes executed Sales and Purchase Agreements ("SPA") for long-term liquefaction offtake.
  • These volumes will represent 0.5 mtpa of the previously announced up to 2 mtpa HOA with Gunvor.
  • We are pleased to formalize our agreement which provides diversification and access to global LNG pricing while enabling the delivery of affordable, reliable, lower carbon energy to markets in need."
  • Dudley Poston, Delfin CEO, said: "We are excited to partner with a premier company like Chesapeake.

The 14th Launch of Forecasting & Prospects Research Reports on Energy Economy

Retrieved on: 
Wednesday, January 10, 2024

BEIJING, Jan. 10, 2024 /PRNewswire/ -- On January 7, 2024, the "The 14th Launch of Forecasting & Prospects Research Reports on Energy Economy" was held in Beijing.

Key Points: 
  • BEIJING, Jan. 10, 2024 /PRNewswire/ -- On January 7, 2024, the "The 14th Launch of Forecasting & Prospects Research Reports on Energy Economy" was held in Beijing.
  • Nine research reports, including the "Research and Prospect of China Energy Economic Index in 2024", were released to the public.
  • According to the report "Research and Prospect of China Energy Economic Index in 2024" by Bao-Jun Tang, in 2024, the energy economy will serve as a strong stimulant for the sustained recovery and improvement of the macroeconomy.
  • According to the report "China's Energy Economic Situation and Forecasting (2024)" by Hua Liao, our country has taken solid steps towards high-quality development in energy economics, enhancing energy security.

ICE Expands Global Energy Portfolio With the Launch of TTF Natural Gas Calendar Spread Options

Retrieved on: 
Monday, October 30, 2023

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, and home to the broadest range of benchmarks to support the liberalization of natural gas, today announced plans to launch TTF Natural Gas Calendar Spread Options (CSO) on December 11, 2023, subject to regulatory approval.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, and home to the broadest range of benchmarks to support the liberalization of natural gas, today announced plans to launch TTF Natural Gas Calendar Spread Options (CSO) on December 11, 2023, subject to regulatory approval.
  • TTF is the global benchmark for natural gas and TTF CSOs allow market participants to take a position on the expected price differentials between TTF natural gas futures with different delivery months.
  • ICE expects to list TTF CSOs for a range of delivery months, including 1-month to 6-month and 12-month contracts.
  • In ICE TTF options, OI is up 84% at 1.3 million contracts.

Platts of S&P Global Commodity Insights launches Southeast Asia LNG (SEAM) cargo price assessments

Retrieved on: 
Monday, October 23, 2023

SINGAPORE, Oct. 23, 2023 /PRNewswire/ -- Platts, part of S&P Global Commodity Insights, the leading independent provider of information, analysis, data and benchmark prices for commodities, energy and energy transition markets, has announced the launch of new daily Southeast Asia LNG (SEAM) cargo assessments, the first for the region, to bring price transparency to this fast-developing market. The assessments are published as a differential to the Platts JKM, as well as on an outright basis.

Key Points: 
  • Ciaran Roe, Global Director for LNG at S&P Global Commodity Insights said, "Southeast Asia is expected to become a major hub for the consumption of LNG, with its changing energy mix and increasing power demand.
  • The launch of Platts Southeast Asia LNG (SEAM) assessment marks a further milestone in the rapid commoditization of the LNG market in Southeast Asia, where contracts are already linked to JKM LNG prices.
  • The development of a Southeast Asia LNG cargo price reference will also foster the advancement of related markets like small-scale LNG and LNG bunkering in the region."
  • The assessments may be found in S&P Global Commodity Insights products and services, including: Platts LNG Daily, Platts LNG and Natural Gas Alert pages, Platts Dimensions Pro, and in the Platts price database.

IGU Releases the 2023 World LNG Report

Retrieved on: 
Wednesday, July 12, 2023

VANCOUVER, BC, July 12, 2023 /PRNewswire/ -- The International Gas Union (IGU) is releasing its 14th annual World LNG Report, the world's most comprehensive public source of information on key developments and trends in Liquefied Natural Gas (LNG).

Key Points: 
  • In the Most Turbulent Year of Gas Markets History, LNG demonstrated essential value as a flexible, reliable, available energy resource for a secure energy transition
    VANCOUVER, BC, July 12, 2023 /PRNewswire/ -- The International Gas Union (IGU) is releasing its 14th annual World LNG Report, the world's most comprehensive public source of information on key developments and trends in Liquefied Natural Gas (LNG).
  • Europe provided higher price premiums than the rest of the world to attract additional LNG cargoes, and the US producers managed to export 55.2 MT to Europe, a 148% increase compared to 2021 levels, despite Freeport LNG in Texas being taken offline following an accident in June 2022.
  • LNG volumes from the US accounted for 44% of Europe's total LNG imports while Europe accounted for 69% of total US LNG exports last year.
  • "LNG kept the lights on in Europe last winter, but the lack of sufficient supply on the market also drove the world spot prices to record highs, and many consumers around the world had to choose dirtier fuels, or worse yet – shut down operations.

IGU Releases the 2023 World LNG Report

Retrieved on: 
Wednesday, July 12, 2023

In the Most Turbulent Year of Gas Markets History, LNG demonstrated essential value as a flexible, reliable, available energy resource for a secure energy transition

Key Points: 
  • In the Most Turbulent Year of Gas Markets History, LNG demonstrated essential value as a flexible, reliable, available energy resource for a secure energy transition
    VANCOUVER, BC , July 12, 2023 /PRNewswire/ - The International Gas Union (IGU) is releasing its 14th annual World LNG Report, the world's most comprehensive public source of information on key developments and trends in Liquefied Natural Gas (LNG).
  • Europe provided higher price premiums than the rest of the world to attract additional LNG cargoes, and the US producers managed to export 55.2 MT to Europe, a 148% increase compared to 2021 levels, despite Freeport LNG in Texas being taken offline following an accident in June 2022.
  • LNG volumes from the US accounted for 44% of Europe's total LNG imports while Europe accounted for 69% of total US LNG exports last year.
  • "LNG kept the lights on in Europe last winter, but the lack of sufficient supply on the market also drove the world spot prices to record highs, and many consumers around the world had to choose dirtier fuels, or worse yet – shut down operations.

Cool Company Ltd. Q1 2023 Business Update

Retrieved on: 
Tuesday, May 23, 2023

The Golar Seal completed its charter and was immediately delivered to her new owner on March 22, 2023, ensuring no idle-time and a Q1 fleet utilization of 100%.

Key Points: 
  • The Golar Seal completed its charter and was immediately delivered to her new owner on March 22, 2023, ensuring no idle-time and a Q1 fleet utilization of 100%.
  • There are no drydocks planned for 2023, with the next drydock expected during the second quarter of 2024.
  • With the recent sale of the Golar Seal, the Company has sufficient funds available to fund the initial milestones of the newbuild option (if exercised) on or prior to June 30, 2023.
  • The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless required by law.

Cheniere Partners Reports First Quarter 2023 Results and Reconfirms 2023 Distribution Guidance

Retrieved on: 
Tuesday, May 2, 2023

Adjusted EBITDA1 decreased by approximately $5 million during the three months ended March 31, 2023 as compared to the three months ended March 31, 2022.

Key Points: 
  • Adjusted EBITDA1 decreased by approximately $5 million during the three months ended March 31, 2023 as compared to the three months ended March 31, 2022.
  • The common unit distribution and the related general partner distribution will be paid on May 15, 2023.
  • Cheniere Energy, Inc. will host a conference call to discuss its financial and operating results for first quarter 2023 on Tuesday, May 2, 2023, at 11 a.m. Eastern time / 10 a.m. Central time.
  • The call and accompanying slide presentation may include financial and operating results or other information regarding Cheniere Partners.

Cool Company Ltd. Q4 2022 Business Update

Retrieved on: 
Tuesday, February 28, 2023

The year concluded with JKM at $28/MMBtu, TTF at $23/MMBtu and quoted TFDE headline spot rates of $148,000 per day.

Key Points: 
  • The year concluded with JKM at $28/MMBtu, TTF at $23/MMBtu and quoted TFDE headline spot rates of $148,000 per day.
  • No idle time ahead of the vessel contract starting in late October meant that Q4 fleet utilization was 100%.
  • In line with the Company’s variable dividend policy, the Board has declared a Q4 dividend of $0.40 per ordinary share.
  • The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless required by law.