European LNG values jump as natural gas wholesale futures prices rise to records of just under $60 per MMBtu
Natural gas wholesale futures prices in Europe broke records as they approached $60 per million British thermal units in the wholesale power market and reflected soaring spot LNG cargo values and pipeline gas prices caused by concerns over shortages and power cuts.
LNG cargo liftings maintain momentum and North Asia spot prices increase on week for June and July
Cargo liftings of liquefied natural gas are maintaining their momentum through the week to April 11 and spot cargo prices for North Asia increased for June and July compared with last week while European gas values were flat.
Asian spot LNG prices rise as global cargo liftings are at steady seasonal level amid firm Brent values
Liquefied natural gas prices rose in the spot market for China, Japan and South Korea while European values also increased amid a steady stream of cargo liftings at a seasonal level from global liquefaction plants through April 4 and with a firmer oil price underpinning long-term supply contracts.
LNG cargo liftings stay firm as Asia spot rises and UK natural gas supplies surge as wind power plummets
Cargo liftings at global liquefaction plants stayed over the 100 level as North Asia spot prices increased along with US Gulf Coast futures, while pipeline and LNG supplies to the UK natural gas market jumped and available wind power plummeted.
Exports of LNG stay firm in Pacific and Atlantic Basins amid seasonal lower but stable Asia spot prices
Production plants for liquefied natural gas are loading fewer cargoes this week as North Asia spot prices are well down on recent record levels, though shipments from March onwards are at higher prices than a week ago.
