LNG

Liquefied natural gas and wholesale pipeline gas values in Europe and Asia as well as US Gulf Coast LNG cargo futures rebounded on higher demand forecasts even as storage was mixed and temperatures warmer.

European liquefied natural gas prices surged by more than 12 percent this week even as gas storage builds gathered pace at the same time as worsening geopolitical problems from the Russia-Ukraine conflict to the growing tensions in the Middle East region.