LNG

The Japan-Korea Marker price for spot LNG cargoes for Japan, China and South Korea moved back to the trading limelight for the February 2023 trading window as the European Union benchmark gas price crashed from record highs amid less severe Continental weather, though withdrawals from EU gas storage increased.

The European Union benchmark Dutch Title Transfer Facility price declined in the past week and was also lower than on the same day in 2021 as was the spot LNG cargo price for North Asian LNG as net withdrawals from EU gas storage increased amid colder weather and cargo demand from China, Japan and South Korea was steady.