LNG prices rise by $3 per MMBtu amid European supply shortages while resurgent oil gains just $2 per barrel
Global liquefied natural gas demand remained at high levels shown by a weekly rise in the North Asian spot cargo price of $3 per million British thermal units while resurgent oil was up just $2 per barrel and European benchmark values slipped back after a week of record rises.
European LNG values break records as Asian spot prices rise again and Nymex Henry Hub hits $5 mark
European natural gas prices and LNG values hit summer season records of over $19 per million British thermal units as Asian spot cargo prices soared over $21 per MMBtu and US Henry Hub futures moved over the $5 per MMBtu level, signalling global shortages for gas for power in the coming Northern Hemisphere winter.
LNG prices increase as demand rises with North Asia spot cargo values at over $13.00 per MMBtu
The prices of liquefied natural gas on global markets increased to their highest in 2021 in Europe while the spot LNG cargo price for North Asia rose over the $13.00 per million British thermal units level amid oil market concern about US supplies as the differential between North Sea Brent crude and US oil narrowed to well under a dollar.
LNG spot cargo prices drop under the $7.00 per MMBtu mark for all late Asian destinations
LNG spot cargo prices lost their momentum in the past week with December 2019 and January 2020 deliveries being set up and averages for North Asia dropping under the $7.00 per million British thermal units level as supplies were ample.
LNG spot cargo values rise across board with late North Asia prices at $7.25 per MMBtu
Spot LNG cargo prices sprung into life after weeks of drift with December averages for North Asia breaking the $6.800 per million British thermal units level and with January 2020 shipments to China, Korea and Japan priced at around US$7.250 per MMBtu.
LNG spot cargo prices increase for Middle East and India while Asia high for late December
LNG spot cargo prices were flat over the past week with higher values quoted for December volumes with the second half of December window priced at $6.500 per million British thermal units for shipments to China, Korea and Japan.
Singapore LNG cargo prices drop below $5.00 per MMBtu level amid Gulf cargo depression
Singapore LNG spot cargo prices drop for Southeast Asia as well as China and South Korea to under US$5.00 per million British thermal units amid a lack of quotes for Dubai and Kuwait cargoes because of security concerns.
Singapore LNG prices drop almost 6 percent on over-supply and seasonal demand slump
Singapore LNG spot cargo prices for China, Japan and South Korea declined by up to US$0.28 per million British thermal units, or 5.9 percent, from North Asia to the Middle East and India.
