LNG prices increase as demand rises with North Asia spot cargo values at over $13.00 per MMBtu
The prices of liquefied natural gas on global markets increased to their highest in 2021 in Europe while the spot LNG cargo price for North Asia rose over the $13.00 per million British thermal units level amid oil market concern about US supplies as the differential between North Sea Brent crude and US oil narrowed to well under a dollar.
North Asia spot LNG prices rise on steady demand as do Gulf Coast futures on US policy concerns
Global cargo liftings of liquefied natural gas declined after four weeks of increases, but North Asia spot LNG prices broke through the $10.00 per million British thermal units level and North Sea Brent crude cleared $51 a barrel amid concerns about future US energy policies, reflected in higher Gulf Coast LNG futures prices.
LNG liftings rise worldwide while Asia spot prices weaken along with European and US benchmarks
LNG cargo liftings were higher worldwide for a second straight week even as North Asia spot LNG prices dropped for January and February deliveries, while staying around the $6.200 per million British thermal units level as European and US natural gas benchmarks retreated amid Covid-19 shutdowns.
US LNG exports surge as overall global liftings fall and North Asia spot prices are firm for early 2021
US LNG exports surged in the past week as overall global liftings fell back slightly and North Asia spot LNG prices advanced for January and February 2021 shipments compared with last week.
Over 90 LNG cargo liftings signal steady recovery as North Asia spot price moves over $6.00 level
More than 90 liquefied natural gas shipments were being lifted this week at global liquefaction plants as the US saw 12 cargoes departing from its facilities and the North Asia spot LNG price moved above the $6.00 mark, while European natural gas benchmarks were firm at around $5.15 per MMBtu.
Rising European and Asian LNG values and Gulf Coast LNG futures will add momentum to winter market
The US exported 14 liquefied natural gas shipments in the past week, four more than the previous week, as rising European and Asian LNG values and increasing Gulf Coast LNG futures prices were expected to give some momentum to the winter cargo market.
US LNG exports hit lowest level since December 2016 as price recovery of global natural gas sector stalls
US LNG exports plunged to their lowest weekly level since December 2016 as only four cargoes departed from the five main US export plant compared with seven shipments a week ago as current US and global natural gas and LNG values blunted the sector’s recovery.
