LNG export plants keep liftings at high level even as prices ease in North Asia and European markets
Global liquefied natural gas export plants marginally increased their cargo liftings as North Asia spot prices dropped along with those in Europe, while other energy markets were underpinned by higher crude oil prices on prospects more nations will be fully relaunching their economies.
US LNG export data reveals Japan and India have overtaken Mexico and Chile in overall rankings
The US Department of Energy has just published its latest liquefied natural gas export data illustrating mixed monthly prices, lower volumes and two Asian nations, Japan and India, overtaking two continental neighbours Mexico and Chile in volume terms in the overall standings of cargo recipients.
Oil prices drop to two-month low under $40 a barrel as LNG prices and indicators also lose ground
North Sea Brent crude oil prices dropped under $40 per barrel after previously staying in the $41-$45 a barrel range for the previous two months, while spot LNG and natural gas prices declined on demand concerns related to the slowing economic recovery in China and Europe.
US LNG exports favour Europeans while plants on East Coast had highest and lowest prices
The US Department of Energy has just published its latest liquefied natural gas export data illustrating the price differences and proportion of spot cargoes as well as other details of shipments such as spot or contract from the six liquefaction plants in full commercial operation.
