European natural gas futures prices continue to spiral even amid crash in LNG spot shipping charter market
Natural gas wholesale futures prices in Europe broke records for a second day in a market of contrasts as sky-high prices for spot LNG carrier charters have finally crashed for both the East of Suez and West of Suez markets and by up to $70,000 per day.
European natural gas futures and LNG values hit records in week since Left-Greens came to power in Germany
European natural gas futures have jumped to record highs over supply concerns as the new German Left-Green coalition is expected to put energy politics over energy security and is seen as ignoring the supply of adequate natural gas for the Germany-led European Union.
LNG prices rise to records for Asian spot cargoes but now overtaken by Dutch TTF and UK NBP benchmarks
Prices of liquefied natural rose across the board with records set for North Asian spot cargoes as well as for the Dutch and UK benchmarks as cargoes deliveries increased but not at sufficient levels to alleviate global shortages.
