LNG

European liquefied natural gas price benchmarks dropped this week to their lowest since late July 2021 when energy security contagion first entered the market as North Asian spot cargo prices also lost ground but at a slower pace.

Liquefied natural gas and pipeline market prices in Europe rebounded with the benchmark Dutch Title Transfer Facility gaining ground on the week even amid ample supplies in storage, firm Atlantic Basin LNG cargo flows and seasonally milder weather, while there was still a lack of a serious demand upturn for North Asian spot LNG cargoes, though prices were firm.