LNG

European Union liquefied natural gas prices remained strong and attracted cargoes amid unprecedent summer demand underpinned by global oil prices, while Asian spot LNG cargo values settled lower as a rebound was awaited in imports by China and India.

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.