Asian LNG spot prices narrow differential with Dutch TTF as cargo price signals arrive for third quarter
Asian LNG spot prices narrowed the differential with European Union wholesale gas markets as futures trading signalled high prices in the third quarter and beyond as the gas complex remained underpinned by high Brent crude values even as an oil demand turnaround is awaited.
European LNG prices maintain higher momentum as Asian spot prices trail because of flat China demand
European liquefied natural gas prices increased on the week to stay above the Japan-Korea Marker price for North Asian spot cargoes as Atlantic and Pacific Basin liftings were steady while the oil market remained robust even amid mixed demand signals from Asia and the West.
Asian LNG and oil deliveries start to recover for China while Europe’s cargo prices fall even as concerns persist
North Asian liquefied natural gas demand was dominated by Japan again as Chinese oil and LNG demand began to recover after lockdowns while European Union gas supply was helped by a decline in prices as summer weather arrived, though the improved picture was partially dulled by renewed Ukraine conflict concerns.
