LNG

The Dutch Title Transfer Facility price, the European Union benchmark for LNG and natural gas markets, hit a 2022 record while North Asia spot cargo prices lagged in comparison by over $15 per million British thermal units with shipments pointing at the EU valued at over $200 million each.

UK Prime Minister Boris Johnson has made his nation the first in the Group of 20 of the world’s most advanced economies to end all overseas oil and gas export credits, the downside of which is depriving poorer African and Asian nations of the fruits of fossil fuel revenues from development projects that many Western countries and powers like Russia and China have enjoyed to the full for many years.