LNG

The “Annual BP Statistical Review of World Energy”, published for the past 71 years, reported that natural gas prices rebounded strongly across all three major gas regions, rising four-fold to record annual levels in Europe and tripling in the Asian LNG spot market.

European natural gas trading in the day-ahead and month-ahead over-the-counter markets in London covering the eight major gas hubs in Europe soared more than 25 percent as prices plunged, according to the latest year-to-date figures.