{"id":41846,"date":"2026-03-19T18:41:50","date_gmt":"2026-03-19T18:41:50","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%b9%b4%ed%83%80%eb%a5%b4%ec%97%90%eb%84%88%ec%a7%80-ceo-%ec%8b%9c%ec%84%a4-%ed%94%bc%ed%95%b4-%ed%99%95%ec%9d%b8lng-%ec%88%98%ec%b6%9c-17-35%eb%85%84-%ec%b0%a8%ec%a7%88\/"},"modified":"2026-03-19T18:41:50","modified_gmt":"2026-03-19T18:41:50","slug":"%ec%b9%b4%ed%83%80%eb%a5%b4%ec%97%90%eb%84%88%ec%a7%80-ceo-%ec%8b%9c%ec%84%a4-%ed%94%bc%ed%95%b4-%ed%99%95%ec%9d%b8lng-%ec%88%98%ec%b6%9c-17-35%eb%85%84-%ec%b0%a8%ec%a7%88","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%b9%b4%ed%83%80%eb%a5%b4%ec%97%90%eb%84%88%ec%a7%80-ceo-%ec%8b%9c%ec%84%a4-%ed%94%bc%ed%95%b4-%ed%99%95%ec%9d%b8lng-%ec%88%98%ec%b6%9c-17-35%eb%85%84-%ec%b0%a8%ec%a7%88\/","title":{"rendered":"\uce74\ud0c0\ub974\uc5d0\ub108\uc9c0 CEO \u201c\uc2dc\uc124 \ud53c\ud574 \ud655\uc778\u201d\u2026LNG \uc218\ucd9c 17% 3~5\ub144 \ucc28\uc9c8, \ubd88\uac00\ud56d\ub825(\ud3ec\uc2a4 \ub9c8\uc96c\ub974) \ub9ac\uc2a4\ud06c \ud655\ub300"},"content":{"rendered":"\ub85c\uc774\ud130\ud1b5\uc2e0\uc5d0 \ub530\ub974\uba74 \uce74\ud0c0\ub974\uc5d0\ub108\uc9c0(QatarEnergy) \ucd5c\uace0\uacbd\uc601\uc790(CEO)\uac00 \ud575\uc2ec \uc124\ube44\uc758 \ud53c\ud574\ub97c \ud655\uc778\ud588\ub2e4. \uce74\ud0c0\ub974\uc758 \uc561\ud654\ucc9c\uc5f0\uac00\uc2a4(LNG\u00b7\ucc9c\uc5f0\uac00\uc2a4\ub97c -162\u2103\ub85c \ub0c9\uac01\ud574 \uc561\uccb4\ub85c \ub9cc\ub4e0 \uc5f0\ub8cc) \uc218\ucd9c \ub2a5\ub825\uc758 \uc57d 17%\uac00 \uac00\ub3d9\uc744 \uba48\ucdc4\uc73c\uba70, \uc5f0\uac04 \uc57d 1,280\ub9cc \ud1a4 \uaddc\ubaa8\ub2e4. \ubcf5\uad6c\uc5d0\ub294 3~5\ub144\uc774 \uac78\ub9b4 \uc218 \uc788\ub2e4.\n\n\uc774\ubc88 \uc911\ub2e8\uc740 \uc774\ud0c8\ub9ac\uc544\u00b7\ubca8\uae30\uc5d0\u00b7\ud55c\uad6d\u00b7\uc911\uad6d\uc5d0 \ub300\ud55c \uc7a5\uae30 LNG \uacf5\uae09 \uacc4\uc57d(\uc7a5\uae30\uac04 \uc815\ud574\uc9c4 \ubb3c\ub7c9\uacfc \uc870\uac74\uc73c\ub85c \uacf5\uae09\ud558\ub294 \uacc4\uc57d)\uc5d0 \uc601\ud5a5\uc744 \uc904 \uc804\ub9dd\uc774\ub2e4. \uc774\uc5d0 \ub530\ub77c \ubd88\uac00\ud56d\ub825(Force majeure\u00b7\uc804\uc7c1\u00b7\uc7ac\ub09c \ub4f1 \ud1b5\uc81c \ubd88\uac00\ub2a5\ud55c \uc0ac\uc720\ub85c \uacc4\uc57d \uc774\ud589\uc774 \uc5b4\ub824\uc6b8 \ub54c \ucc45\uc784\uc744 \uba74\ud558\ub294 \uc870\ud56d) \uc120\uc5b8 \uac00\ub2a5\uc131\uc774 \uac70\ub860\ub418\uace0, \uc77c\ubd80 \uc218\uc694\ucc98\uac00 \ud604\ubb3c\uc2dc\uc7a5(Spot market\u00b7\uc7a5\uae30\uacc4\uc57d\uc774 \uc544\ub2cc \uc989\uc2dc \uc778\ub3c4 \ubb3c\ub7c9\uc744 \uac70\ub798\ud558\ub294 \uc2dc\uc7a5)\uc73c\ub85c \uc774\ub3d9\ud560 \uc218 \uc788\ub2e4.\n\n<h3>Market Impact And Price Response<\/h3>\n\ub85c\uc774\ud130\ud1b5\uc2e0\uc740 \ucf58\ub374\uc138\uc774\ud2b8(Condensate\u00b7\uac00\uc2a4 \uc0dd\uc0b0 \uacfc\uc815\uc5d0\uc11c \ud568\uaed8 \ub098\uc624\ub294 \ucd08\uacbd\uc9c8 \uc6d0\uc720)\uc640 LPG(\uc561\ud654\uc11d\uc720\uac00\uc2a4\u00b7\ud504\ub85c\ud310\/\ubd80\ud0c4 \uc911\uc2ec\uc758 \uc5f0\ub8cc) \ub4f1 \ubd80\uc0b0\ubb3c \uc0dd\uc0b0\ub3c4 \uac10\uc18c\ud588\ub2e4\uace0 \uc804\ud588\ub2e4. \uc5f0\uac04 \ub9e4\ucd9c \uac10\uc18c \ucd94\uc815\uce58\ub294 \uc57d 200\uc5b5 \ub2ec\ub7ec\ub2e4.\n\nLNG \uacf5\uae09\uc5d0 \uad6c\uc870\uc801 \ucda9\uaca9(\ub2e8\uae30\uac04\uc774 \uc544\ub2cc \uacf5\uae09 \uae30\ubc18 \uc790\uccb4\uac00 \uc904\uc5b4\ub4dc\ub294 \ucda9\uaca9)\uc774 \ubc1c\uc0dd\ud55c \ub9cc\ud07c, \uac00\uaca9 \uc0c1\uc2b9\uacfc \ubcc0\ub3d9\uc131 \ud655\ub300\uac00 \uc7a5\uae30\uac04 \uc774\uc5b4\uc9c8 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4. \uc720\ub7fd TTF \uc120\ubb3c(TTF futures\u00b7\ub124\ub35c\ub780\ub4dc \uac00\uc2a4 \ud5c8\ube0c\uc778 TTF\ub97c \uae30\uc900\uc73c\ub85c \ud55c \uac00\uc2a4 \uc120\ubb3c) 5\uc6d4\ubb3c\uc740 \uc774\ubc88 \uc8fc \uc774\ubbf8 35% \uc774\uc0c1 \uae09\ub4f1\ud574 \uba54\uac00\uc640\ud2b8\uc2dc(MWh\u00b7\uc804\ub825\/\uc5f4 \uc5d0\ub108\uc9c0 \ub2e8\uc704)\ub2f9 55\uc720\ub85c\ub97c \ub118\uc5b4\uc130\ub2e4. \uc2dc\uc7a5\uc774 \uce74\ud0c0\ub974 \ubb3c\ub7c9\uc758 \uc7a5\uae30 \ubd80\uc7ac\ub97c \ubc18\uc601\ud558\uae30 \uc2dc\uc791\ud55c \uacb0\uacfc\ub2e4. \uc774\ub294 2025\ub144\uc758 \uc18c\uaddc\ubaa8 \uc124\ube44 \uc911\ub2e8 \ub54c\uc640 \uac19\uc740 \uc77c\uc2dc\uc801 \uae09\ub4f1\uc774 \uc544\ub2c8\ub77c\ub294 \uc810\uc744 \uac10\uc548\ud574\uc57c \ud55c\ub2e4.\n\n\uac00\uc7a5 \uc9c1\uc811\uc801\uc778 \ub300\uc751\uc73c\ub85c TTF\uc640 JKM \uc120\ubb3c(JKM futures\u00b7\uc544\uc2dc\uc544 LNG \ud604\ubb3c \uac00\uaca9 \uc9c0\ud45c\uc778 JKM\uc744 \uae30\ubc18\uc73c\ub85c \ud55c \uc120\ubb3c)\uc5d0\uc11c \ub9e4\uc218 \ud3ec\uc9c0\uc158(\uac00\uaca9 \uc0c1\uc2b9\uc5d0 \ubca0\ud305\ud558\ub294 \uac70\ub798)\uc744 \uad6c\ucd95\ud558\ub294 \ubc29\uc548\uc774 \uac70\ub860\ub41c\ub2e4. \ud2b9\ud788 2026~2027\ub144 \uc5ec\ub984 \ubc0f \ub2e4\uc74c \uaca8\uc6b8 \ubb3c\ub7c9\uc774 \ub300\uc0c1\uc774\ub2e4. TTF \uc635\uc158\uc758 \ub0b4\uc7ac\ubcc0\ub3d9\uc131(Implied volatility\u00b7\uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \uc608\uc0c1 \ubcc0\ub3d9\uc131)\uc774 80%\ub97c \ub118\uc5b4\uc124 \uc815\ub3c4\ub85c \uae09\ub4f1\ud588\ub294\ub370, \uc774\ub294 \uc2dc\uc7a5 \ubd88\ud655\uc2e4\uc131\uc774 \uadf9\ub2e8\uc801\uc73c\ub85c \ud06c\ub2e4\ub294 \ub73b\uc774\ub2e4. \uc774 \uacbd\uc6b0 \ucf5c\uc635\uc158(Call option\u00b7\uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac) \ub9e4\uc218\ub294 \uc0c1\uc2b9 \uc5ec\ub825\uc744 \ub178\ub9ac\uba74\uc11c \uc190\uc2e4 \ud55c\ub3c4\ub97c \uc635\uc158 \ud504\ub9ac\ubbf8\uc5c4(\uc635\uc158 \uac00\uaca9)\uc73c\ub85c \uc81c\ud55c\ud558\ub294 \uc804\ub7b5\uc774 \ub420 \uc218 \uc788\ub2e4. \ub610\ud55c \ub9cc\uae30\ubcc4 \uc120\ubb3c \uac00\uaca9 \uace1\uc120(Forward curve\u00b7\ubbf8\ub798 \uc778\ub3c4 \uc2dc\uc810\ubcc4 \uac00\uaca9 \ubd84\ud3ec) \uc804\ubc18\uc774 \uc7ac\ud3c9\uac00\ub418\uace0 \uc788\uc73c\uba70, 2027\ub144\ubb3c\uc740 2022\ub144 \uc5d0\ub108\uc9c0 \uc704\uae30 \uc774\ud6c4 \ubcf4\uae30 \ud798\ub4e4\uc5c8\ub358 \uc218\uc900\uc758 \ud504\ub9ac\ubbf8\uc5c4(\ucd94\uac00 \uac00\uaca9)\uc744 \ud615\uc131\ud558\uace0 \uc788\ub2e4.\n\n\uc9c0\uc5ed \uac04 \uac00\uaca9 \ucc28\uc774\ub97c \ud65c\uc6a9\ud55c \uc9c0\ub9ac\uc801 \ucc28\uc775\uac70\ub798(Geographic arbitrage\u00b7\uc9c0\uc5ed \ud5c8\ube0c \uac04 \uc2a4\ud504\ub808\ub4dc \uac70\ub798)\ub3c4 \uc911\uc694\ud574\uc9c0\uace0 \uc788\ub2e4. \uc720\ub7fd\u00b7\uc544\uc2dc\uc544 \uac00\uc2a4 \uac00\uaca9\uc774 \ubbf8\uad6d \ud5e8\ub9ac\ud5c8\ube0c(Henry Hub\u00b7\ubbf8\uad6d \ucc9c\uc5f0\uac00\uc2a4 \ub300\ud45c \uae30\uc900\uac00\uaca9) \ub300\ube44 \ud504\ub9ac\ubbf8\uc5c4\uc744 \ud06c\uac8c \ud655\ub300\ud558\ub294 \ud750\ub984\uc774\ub2e4. \ubbf8\uad6d\uc774 \uae00\ub85c\ubc8c \uc2dc\uc7a5\uc758 \u2018\ud55c\uacc4 \uacf5\uae09\uc790\u2019(Marginal supplier\u00b7\ucd94\uac00 \uc218\uc694\ub97c \ub9c8\uc9c0\ub9c9\uc73c\ub85c \ucc44\uc6b0\ub294 \ud575\uc2ec \uacf5\uae09\uc6d0) \uc5ed\ud560\uc744 \ud558\uac8c \ub418\uba74\uc11c\ub2e4. \ud5e8\ub9ac\ud5c8\ube0c \uc120\ubb3c\uc774 MMBtu(\uc601\uad6d \uc5f4\ub7c9 \ub2e8\uc704)\ub2f9 3.50\ub2ec\ub7ec\ub97c \uc6c3\ub3c4\ub294 \uac00\uc6b4\ub370, TTF-\ud5e8\ub9ac\ud5c8\ube0c \uc2a4\ud504\ub808\ub4dc(\ub450 \uac00\uaca9\uc758 \ucc28\uc774) \ub9e4\uc218\ub294 \uc720\ub7fd\uc758 \uacf5\uae09 \ubd80\uc871\uc774 \uc774\uc5b4\uc9c4\ub2e4\ub294 \uc804\uc81c\uc5d0 \uae30\ubc18\ud55c \uac70\ub798\ub85c \uc81c\uc2dc\ub41c\ub2e4.\n\n<h3>Strategy For A Multi Year Disruption<\/h3>\n\uc774\ubc88 \uacf5\uae09 \ucc28\uc9c8\uc740 2022\ub144 \ud504\ub9ac\ud3ec\ud2b8 LNG(Freeport LNG\u00b7\ubbf8\uad6d LNG \uc218\ucd9c \uc2dc\uc124) \uc0ac\uace0\ucc98\ub7fc 1\ub144 \ubbf8\ub9cc\uc5d0 \uadf8\uce5c \ub2e8\uae30 \uc774\ubca4\ud2b8\uac00 \uc544\ub2c8\ub77c \uc218\ub144 \ub2e8\uc704 \uc0ac\uac74\uc774\ub2e4. \ub530\ub77c\uc11c \ucd5c\uadfc\uc6d4\ubb3c(Front-month\u00b7\uac00\uc7a5 \uac00\uae4c\uc6b4 \ub9cc\uae30)\ub9cc \ubcf4\uc9c0 \ub9d0\uace0, 3~5\ub144 \uc77c\uc815\uc774 \ubc18\uc601\ub418\ub294 \uc911\uc7a5\uae30 \ub9cc\uae30 \uad6c\uac04\uae4c\uc9c0 \ud3ec\uc9c0\uc158\uc744 \uac80\ud1a0\ud560 \ud544\uc694\uac00 \uc788\ub2e4. \uc2dc\uc7a5\uc740 \uc544\uc9c1 \uc774\ud0c8 \ubb3c\ub7c9\uc774 \uc2e0\uaddc \ud504\ub85c\uc81d\ud2b8\ub85c \uc27d\uac8c \ub300\uccb4\ub418\uc9c0 \uc54a\uc744 \uc218 \uc788\ub2e4\ub294 \uc704\ud5d8\uc744 \ucda9\ubd84\ud788 \ubc18\uc601\ud558\uc9c0 \ubabb\ud55c \ub2e8\uacc4\ub85c \ud3c9\uac00\ub41c\ub2e4.\n<p>\n\n<p><strong>\uc9c0\uae08 \ubc14\ub85c \uac70\ub798\ub97c \uc2dc\uc791\ud558\uc138\uc694 &#8211; VT Markets \uc2e4\uacc4\uc88c\ub97c \uac1c\uc124\ud558\ub824\uba74 <a href=\"https:\/\/www.vtmarkets.com\/kr\/trade-now\/\">\uc5ec\uae30<\/a>\ub97c \ud074\ub9ad\ud558\uc138\uc694 <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\uae34\uae09: \uce74\ud0c0\ub974\uc5d0\ub108\uc9c0 \ud575\uc2ec \uc124\ube44 \ud53c\ud574\ub85c LNG \uc218\ucd9c 17%(\uc5f0 1,280\ub9cc\ud1a4) \uc911\ub2e8, \ubcf5\uad6c 3~5\ub144. \uc7a5\uae30\uacc4\uc57d \ucc28\uc9c8\u00b7\ubd88\uac00\ud56d\ub825 \uac00\ub2a5\uc131\uc5d0 TTF 35% \uae09\ub4f1, \ubcc0\ub3d9\uc131 \ud655\ub300.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-41846","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/41846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=41846"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/41846\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=41846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=41846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=41846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}