Price of LNG surges worldwide with Europe reaching 2021 highs and Asian spot at over $12 per MMBtu
The advance of North Sea Brent crude prices to above two-year highs continued this month’s hydrocarbon sector revival and with 2021 highs also being set for European LNG values and the North Asia spot LNG price jumping to over $12 as more cargoes were being lifted worldwide.
LNG cargo liftings stay firm as Asia spot rises and UK natural gas supplies surge as wind power plummets
Cargo liftings at global liquefaction plants stayed over the 100 level as North Asia spot prices increased along with US Gulf Coast futures, while pipeline and LNG supplies to the UK natural gas market jumped and available wind power plummeted.
North Asian spot LNG prices hit record as 111 cargoes are loaded this week at global plants to meet demand
North Asian spot liquefied natural gas cargo prices soared to over $20 per million British thermal units amid colder weather in China and Japan as 111 shipments were lifted this week from plants in the Pacific and Atlantic Basins as well as the Arab Gulf region and were pointing at Asia.
Global LNG cargo numbers increase amid firm Asia prices, a US record and oil at highest since March
LNG cargo liftings increased worldwide for a fourth straight week and North Asia spot LNG prices were firm with January at $7.500 per million British thermal units as US LNG exports broke a monthly record and the North Sea Brent crude oil price hit its highest level since March.
