LNG

Wholesale natural gas prices and futures in Europe and LNG values were locked in a steep trajectory as they soared by more than 76 percent on the week of Russia’s invasion of Ukraine amid worsening global energy and commodities supply concerns and with North Sea Brent staying over $100 a barrel to increase oil-linked long-term LNG values.

Liquefied natural gas prices declined by around 8.5 percent on the week for spot cargoes pointing at China, South Korea and Japan in April and May, as well as Europe, on expectations of renewed Asian demand signalled by the oil market.