LNG

Worldwide liquefied natural gas and wholesale pipeline market prices and futures skyrocketed by nearly 50 percent in the past week as US Gulf Coast LNG cargo values hit $18 per million British thermal units for December even amid current substantial European Union gas storage levels as doubts resurface about Western energy security policies.

The advance of North Sea Brent crude prices to above two-year highs continued this month’s hydrocarbon sector revival and with 2021 highs also being set for European LNG values and the North Asia spot LNG price jumping to over $12 as more cargoes were being lifted worldwide.