⚡Spark Intraday now available to beta testers - get in touch to join the list ⚡ #LNG and #gas markets are moving fast - are you seeing everything you need in real time? Since COB Friday, USGC LNG arbs have moved from closed to now at breakeven levels and moving fast (see

🚨Regas costs for 98% of European LNG imports now covered in Spark’s Access platform with the inclusion of South Hook terminal Gain unrivalled transparency into regasification costs at European #LNG terminals in Spark’s Access platform, with additional tools for DES Hub Netbacks

🎢 JKM-TTF hits Spark US arb breakeven before retracing During Monday’s market turbulence, the Jun25 JKM-TTF spread spiked to +0.200 — exactly at Spark’s arb breakeven level where #US #LNG cargoes are equally incentivised to head to NE Asia (via COGH) or NWE. With Spark

📉 European DES LNG at largest discount to TTF in over a year - Spark’s daily NWE assessment for DES #LNG has hit the widest discount to the TTF in over a year, currently assessed at -$0.82/MMBtu - This indicates increased demand for LNG delivery slots into #Europe, despite the

🚨 US LNG arb now open to Asia for the first time in 7 months - Spark’s US front month arb assessment, currently assessed for cargoes loading in May, is pointing to Asia for the first time in 7 months for both Cape of Good Hope ($0.059/MMBtu) and Panama ($0.191/MMBtu) route

📈 Atlantic LNG freight rates experience largest w-o-w rise since Sept 2023 - Spark30S (Atlantic) #LNG #freight rates rose $14k this week to $35.75k/day - the largest week-on-week rise in Atlantic rates since September 2023 - This has largely been driven by the US front month

👀 Spark Intraday showing Dec25 JKM-TTF spread range-bound by #US and Nigerian arbs ⚡Spark's upgraded Intraday tool allows you to overlay #LNG arb breakeven levels for all major FOB locations updated every 10 minutes over JKM-TTF and TTF price charts Spark’s arb breakevens

🤏 Seasonality for Atlantic LNG Freight rates becomes increasingly muted 📈 Spark30S Atlantic #LNG spot #freight rates have rallied $20k in the last 2 weeks, currently assessed at $41.25k/day. This has been accompanied by an increase in FFA activity, with several trades executed

📉 Spark30S Atlantic LNG Freight rates stifled by US arb pointing to Europe - Spark's Freight breakeven rates are the $/day freight rate required for an arb to reach breakeven levels, i.e. Asia & Europe are both equally profitable as delivery regions. This provides an indicator

🥇 Which countries have the most competitive LNG regas costs & gas prices? - Spark's DES Hub netbacks combine terminal variable #regas costs with #gas hub prices to compare the competitiveness between European #LNG terminals. By subtracting Spark's NWE/SWE DES LNG benchmark

‼️ TTF prices up, US LNG Arb pricing incentives to send cargos to Europe increases amid escalating tensions in Middle East Spark's Intraday platform shows #TTF prices rise across the forward curve this morning, with the Aug25 contract rising approximately 55c as of 12:50pm BST.

📈 Spark Intraday: Initial #LNG price moves this morning - TTF (in $/MMBtu) up 30c+ - JKM-TTF spreads rally - Arbs moving sharply higher: Sabine arbs (NEA via the Cape) 15c narrower but still pointing to Europe for now

📈 LNG Freight rates rising as seen in Spark’s morning whatsapp report - available to those on the Spark #LNG #Freight platform Highlights from today’s report just sent out: ◾️ Spark30 Atlantic continues to rise outstripping Pacific rate gains ◾️ 6 out 7 Spark LNG Freight

📈 Atlantic #LNG #Freight Rates rally to yearly highs towards $50k as the US Arb to Asia nears breakeven levels Spark’s US Arb Freight breakeven represents the $/day freight rate at which a cargo loading in the US would earn the same profit whether delivered to NWE or NEAsia. It

TTF prices fall almost 10%, but JKM-TTF spread remains relatively stable - #TTF prices dropped almost $1.4/MMBtu (10%) this morning, following yesterday’s events in the Middle East. - JKM-TTF spread remains relatively stable, with Sep25 contract only dropping 5c, as JKM mirrors

🚨 US Arb opens up, strongest signal to Asia since September 2024 - The US front month arb to NE-Asia (via the Cape of Good Hope) has opened up for the first time in over 2 months, currently assessed at $0.061 and marginally incentivising prompt #US cargos to deliver to #Asia.

🚨 US #LNG Arb closes out further, strongest signal to Europe since April - The US front month arb to NE-Asia (via the Cape of Good Hope) is pricing in at -$0.251/MMBtu - the lowest US front month arb assessment in over 3 months - US front month arb to NE-Asia via Panama closed

📉 Atlantic #LNG #Freight rates for Q4 2025 drop, flattening expected seasonality - Spark30 (Atlantic) forward freight rates for Q4 2025 dropped sharply this week following FFA market activity - Q4 rates are now pricing at $36.75k/day, marginally lower than current Q3 Atlantic

⚓Product Upgrade: FuelEU Transparency available in Spark’s Global #LNG #Freight Calculator We’ve upgraded the Spark Global Calculator to bring visibility on FuelEU compliance for any voyage and vessel specification. Instantly calculate: - Vessel GHG intensity (vs baseline) -