European LNG benchmark Dutch TTF soars to 2022 record high while North Asian LNG spot cargo prices lag
The Dutch Title Transfer Facility price, the European Union benchmark for LNG and natural gas markets, hit a 2022 record while North Asia spot cargo prices lagged in comparison by over $15 per million British thermal units with shipments pointing at the EU valued at over $200 million each.
LNG prices stay high over lack of confidence in Russia gas replacement plan amid EU gas and power grab
Asian liquefied natural gas spot prices and European LNG cargo values remained at high levels as the European Union moved towards more regulation of natural gas and power markets and amid the likely failure of US and EU attempts to fully replace Russian pipeline gas supplies from other sources.
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.
