European LNG benchmark declines but is still $39 per MMBtu higher than last summer amid Russia gas threat
Europe’s benchmark natural gas and LNG cargo prices lost some ground on the week but were still over $39 per MMBtu higher than last summer before the Russian gas supply crisis and remained $12 per MMBtu ahead of North Asia spot cargo valuations as liftings from global liquefaction and export plants increased.
Japan December LNG imports drop 9 percent to cede top spot to China but US 2021 deliveries up 50 percent
Japanese liquefied natural gas imports dropped almost 9 percent in December as the nation formally ceded the No. 1 spot to China as the top LNG importer for 2021, while Japan’s LNG shipments from the US jumped nearly 50 percent.
Asian LNG spot cargo prices and European gas benchmarks go through the roof amid perceived shortages
Liquefied natural gas cargo liftings dropped and February LNG spot prices for delivery to the North Asian nations China, Japan and South Korea went through the roof, accompanied by record European wholesale natural gas futures prices for January soaring over 40 percent in a week.
