LNG

High demand and cargo valuations are prevailing again in the liquefied natural gas market with more shipments pointing at North Asia at 5 percent lower prices than last week amid heavy traffic also around European regasification facilities as the high-flying European Union benchmark edged higher on the week by another 2 percent.

European natural gas trading in the day-ahead and month-ahead over-the-counter markets in London covering the eight major gas hubs in Europe soared more than 25 percent as prices plunged, according to the latest year-to-date figures.

European natural gas trading in the day-ahead and month-ahead over-the-counter markets in London soared more than 14 percent in August and were up more than 32 percent in the year to date compared with last year.