LNG

European liquefied natural gas prices dropped as supplies were ample for the remainder of the winter season while Asian spot cargo prices edged higher even as LNG deliveries to China hit seasonal lows ahead of the Chinese New Year holiday shutdown.

Imports of liquefied natural gas by China dropped by over 28 percent in June 2022 compared with the same month of 2021 as the economy slowed and spot LNG cargo prices stayed at record high levels on the global market