LNG market considers impact of soaring US Henry Hub price on rising US cargo needs in Europe and Asia
Global natural gas and LNG markets have been given further considerations to add to the mix of North Asian spot cargo prices and European gas values as the NYMEX Henry Hub jumped to $8.80 per million British thermal units on perceived very high future LNG demand from Germany to Guangdong.
LNG shipments increase along with North Asia spot price as oil’s partial revival lifts energy markets
LNG cargo liftings were higher worldwide for a third straight week and North Asia spot LNG prices increased for January and February deliveries, but fell just short of the $7.000 per million British thermal units level before moving higher at the close.
LNG liftings rise worldwide while Asia spot prices weaken along with European and US benchmarks
LNG cargo liftings were higher worldwide for a second straight week even as North Asia spot LNG prices dropped for January and February deliveries, while staying around the $6.200 per million British thermal units level as European and US natural gas benchmarks retreated amid Covid-19 shutdowns.
