European Union liquefied natural gas prices were still solid this week and stronger than those for Asia even as the weather turned mild and Germany’s gas storage was over 64 percent filled despite only very small volumes of LNG reaching the German floating import facilities as they continued commissioning and set-up activities.
Japanese LNG imports have rebounded by almost 10 percent even as the year-on-year cost of the shipments have soared by more than 150 percent as deliveries increased from Australia, the spot market and Russia.
China's liquefied natural gas imports increased by 25 percent in October, though were still short of the monthly shipments received by the world’s No. 1 LNG importer Japan as the Japanese are failing to reach nuclear re-start targets as a replacement power generation fuel.