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Floating Storage Reaches Into January as LNG Market Awaits Colder Weather

Editor’s Note: This content is provided courtesy of Independent Commodity Intelligence Services (ICIS). Visit natgasintel.com/icis for more information.

LONDON (ICIS) — Price spreads between Europe and Asia widened earlier in the week but had narrowed again by 16 November.

Demand from Asia is expected to rise with the approach of cold weather, with more participants saying they were planning to deploy floating storage in both basins until mid-January. Asia imported less LNG year-on-year in October and so far in November, with Europe already expected to almost double LNG imports for the whole month of November.

Sources in the US said most domestic gas traders expect the Freeport plant restart could occur sometime in December, with potential for the restart to be later in the first quarter. Freeport LNG Development LP said Friday the plant will begin initial…

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