LNG

European natural gas prices and LNG values declined along with North Asian spot cargo prices as the Northern Hemisphere winter season fades away amid soft prices in the Atlantic and Pacific basins, high levels of supplies and lower spot shipping charter rates.

Liquefied natural gas prices dropped for Europe and Asia in the past week after a brief rebound with the margin of decline greater for the benchmark Dutch Title Transfer Facility as European Union gas storage withdrawal levels slowed while Asian buyers were attracted by lower prices.