LNG

European Union liquefied natural gas and pipeline gas prices plunged by a double-digit margin again as storage inventories increased and mild weather weakened demand, while more cargoes from a low seasonal level of liftings began to point at Asian markets.

European Union natural gas prices and LNG values hit record levels this week and the benchmark Dutch Title Transfer facility price was still just below $60 per million British thermal units after the Russian gas dispute escalated while Asian LNG spot cargo prices also gained ground on the week, though at a slower pace than the EU market.