Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Letter on Europe: More gas winters of discontent?
Warnings in 2022 of a potential three-winter European gas price crisis remain pertinent amid push-pull from the US and Russia
US LNG embedded in Europe's energy security quest
Geopolitical developments and market shifts mean US LNG will be a vital component in Europe's energy strategy and decarbonisation efforts
Europe has coping mechanisms for life after Russian gas
The Ukraine–Russia gas transit and interconnection agreements are due to expire at the end of this year, but despite some uncertainty, Europe seems well-prepared
Brazil awaits contentious Equatorial Margin call
Political rancour is rising as politicians appeal for environmental licence to explore the mouth of the Amazon
Gazprom: from boom to bust
Lacking either the ability to generate cash for the Kremlin or serve as its geopolitical tool, Gazprom has lost its purpose
Europe’s appetite for LNG to ease
Ample stocks and a soft demand outlook will limit how much LNG Europe can import this year
Emerging markets to bolster Asian LNG demand
Although recent, firmer gas prices have blunted some price-sensitive demand, the overall growth outlook remains robust
Brazil seeks greater oil market influence
Despite environmental criticism, President Lula sees opportunity to build bridges with OPEC+ allies
Outlook 2024: Replacing coal with gas is more important than ever for Asia
More gas is needed across Asia—at affordable prices—to encourage the move away from coal
Outlook 2024: Asia’s appetite for LNG in an age of uncertainty
Asia remains primed for long-term LNG growth, despite the commitment by countries to meet their net-zero emissions targets
Unseasonable temperatures in Europe drive recent multi-year highs in LNG prices
Europe Asia Brazil Gazprom
Simon Ferrie
24 August 2021
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

LNG prices may be set for strong Q4

Supply- and demand-side factors pushed contracts to multi-year highs in recent months and may continue to lend support going into the fourth quarter

Global LNG prices have hit record levels in recent weeks as Europe and Asia continue to compete for restricted supply. But there is debate over whether prices will remain quite as high for the remainder of 2021. This year started with price spikes stemming from a combination of outages, colder-than-usual temperatures in the northern hemisphere and the blockage of the Suez Canal. This all contributed to the depletion of European gas storage, with the knock-on effect of raising global LNG demand for the rest of the year. Subsequent opportunities to rebuild stocks have been limited and prices have continued to spike in a tightly balanced market. Indeed, Europe has since experienced unseasonably

Also in this section
India ready for turbulent times
23 July 2025
The country’s energy minister explains in an exclusive interview how the country is taking a pragmatic and far-sighted approach to energy security and why he has great confidence in its oil sector
Albania’s long pursuit of gas
23 July 2025
Gas is unlikely to assume a major role in Albania’s energy mix for years to come, but two priority projects are making headway and helping to establish the sector
Ammonia ambitions to help drive gas demand
22 July 2025
The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
WPC Energy to promote role of women
22 July 2025
Next year’s WPC Energy Congress taking place in April in Riyadh, Saudi Arabia will continue to promote the role of women in the energy sector, with a number of events focusing on the issue.

Share PDF with colleagues

Rich Text Editor, message-text
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Rich Text Editor, txt-link-message
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search

  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search