LNG

Liquefied natural gas and pipeline market prices in Europe rebounded with the benchmark Dutch Title Transfer Facility gaining ground on the week even amid ample supplies in storage, firm Atlantic Basin LNG cargo flows and seasonally milder weather, while there was still a lack of a serious demand upturn for North Asian spot LNG cargoes, though prices were firm.

North Asian spot liquefied natural gas cargo prices soared to over $20 per million British thermal units amid colder weather in China and Japan as 111 shipments were lifted this week from plants in the Pacific and Atlantic Basins as well as the Arab Gulf region and were pointing at Asia.