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.

North Asian spot cargo prices increased 4.4 percent on the week while the Dutch Title Transfer Facility benchmark price jumped by more than twice as much as leading European Union LNG nations made withdrawals from gas storage as temperatures dropped below zero in Germany and elsewhere.

US liquefied natural gas exports surged in the first half of 2021, growing by more than 40 percent compared with the same period of 2020, and government forecasts see demand gathering pace in the second half.