LNG

European natural gas market prices and Asian spot LNG cargo values slipped to near last year’s levels as hotter weather temporarily dispelled gas supply concerns and available shipping remained short for the Northern Hemisphere winter to come.

European and Asian LNG cargo prices and natural gas pipeline values remained high even as the Nord Stream I pipeline re-opened on schedule after maintenance, restoring the main Russian gas connection to the European Union, though failing to alleviate long-term gas market supply concerns.