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.
US prices mirror torpid LNG market while higher pipeline exports to Mexico offset by Canadian imports
Seven LNG shipments left US plants in the past week compared with eight in the previous week while pipeline natural gas exports to Mexico increased 6.4 percent and feed-gas for plants on the Gulf Coast rose by 18 percent, boosting prices in the region.
US LNG shipments decline as pipeline natural gas exports to Mexico rise amid spot plunge
US LNG shipments declined in the past week and pipeline natural gas exports to Mexico rose as domestic net injections into storage continued to increase and the Henry Hub benchmark spot price was 32 percent lower so far in May compared with year-ago levels.
