Demand for LNG supports continued firm prices as European and Asian buyers are offered fewer cargoes
Liquefied natural gas cargo liftings are decreasing this week while North Asian spot cargo prices and benchmark European values were still strong after the Dutch Title Transfer Facility price reached a 2021 high and North Sea Brent crude was at levels not seen for two years.
LNG liftings rise worldwide while Asia spot prices weaken along with European and US benchmarks
LNG cargo liftings were higher worldwide for a second straight week even as North Asia spot LNG prices dropped for January and February deliveries, while staying around the $6.200 per million British thermal units level as European and US natural gas benchmarks retreated amid Covid-19 shutdowns.
US natural gas and LNG prices mixed amid demand concerns as Asia and Europe try to manage over-supply
The US exported 10 liquefied natural gas shipments in the past week, one less than the previous week, as mixed US natural gas prices were offset by increasing LNG values in Europe and Asia on demand expectations even as the market remained over-supplied.
