LNG

European and Asian natural gas market prices declined in the past week but North Asia spot cargo values fell at a faster rate as Atlantic and Pacific Basin competition increased and the shipping charter market tried to reorganize for a change of season.

European and Asian liquefied natural gas prices lost their traction for April and May as they slipped by more than 30 percent on the week with demand being less than expected as the Northern Hemisphere winter season approaches its end amid steady cargo supplies in a market still focused on the Ukraine crisis.