Stephen Stapczynski
@SStapczynski
Bloomberg @Business reporter covering energy & commodities in Singapore. Topics include natural gas, LNG, power, nuclear. Opinions my own ブルームバーグ通信社シンガポール支局記者
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It's never been this profitable to export US natural gas 🇺🇸💰
The price difference between gas in Europe and Asia versus North America, reaching now a ratio of 12 times. It didn't get that wide during the 2022 following Russia's invasion of Ukraine
Great chart from @JavierBlas
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ENERGY ABUNDANCE: China struggles to consume all of its green power 🇨🇳⚡
About a quarter of China's solar and wind generation goes unrealized due to grid bottlenecks and other hurdles. That's 481 TWh in 2025 -- equivalent to the power output of Spain and the Philippines
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“We don’t expect Qatar LNG coming back to the market soon"
The chairman of Jera (the world's top LNG buyer) sees the Hormuz disruption continuing. LNG spot prices are double this time last year, and “market participants worry about this coming winter"
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📝 quick note 📝
It’s possible for producers to continue declaring FM on customers, AND ALSO increase flows through the strait at the same time. They aren’t mutually exclusive as long as the war is ongoing
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UPDATE: Two more Qatari LNG shipments spotted exiting Hormuz in the last week 🚢🚢
So now at least four laden carriers were sent through in the last week, and two inbound
European gas prices just topped €80/mwh for the first time since 2023
Part of the issue is that Europe is entering winter with seasonally low inventories
