LNG

European Union natural gas prices and LNG values hit record levels this week and the benchmark Dutch Title Transfer facility price was still just below $60 per million British thermal units after the Russian gas dispute escalated while Asian LNG spot cargo prices also gained ground on the week, though at a slower pace than the EU market.

Global liquefied natural gas plants lifted the pace of cargo loadings in the week even as previously very high winter season prices for physical North Asia spot cargoes moderated and the February futures contract expired.