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LNG prices to ease in 2025 after ‘new lows’ last year

Gas
January 29, 2025

LNG prices are forecast to ease in 2025 – settling at $14-15 MMbtu – after recording new lows in 2024, according to Drewry Shipping Consultants’ research.

However the stabilising outlook comes amid warnings about tight supply, sporadic seasonal spikes, ongoing geopolitical uncertainty and disruptions. Rates will still be lower in 2025/26 but likely recover in 2027 and peaking in 2028.

LNG shipping rates plummeted 58% year-on-year in 2024 due to high vessel availability, limited new supply, subdued demand with ample gas storage in Europe, South Korea and Japan, and low industrial demand, as well as increased competition from renewables and nuclear.

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Gas
March 12, 2025

Wood launches energy transition advisory hub in Abu Dhabi

UK-headquartered global engineering consultancy Wood has launched an energy transition hub in Abu Dhabi to provide technical, strategic, and economic solutions for clients across the Middle East, the company announced…

Gas
March 12, 2025

Europe responds to US tariffs with €26bn counter measures

The EU has announced €26bn of countermeasures to US tariffs, raising the stakes in an escalating global trade war that was instigated by the US. From today, the US is applying…