LNG

The European Union is moving forward with its plan to seek pooled natural gas purchases under a programme called AggregateEU and set to be launched in June with the aim of reducing prices and increasing efficiency in fully replacing Russian pipeline gas supplies to Germany and the EU.

Global liquefied natural gas export plants marginally increased their cargo liftings as North Asia spot prices dropped along with those in Europe, while other energy markets were underpinned by higher crude oil prices on prospects more nations will be fully relaunching their economies.