LNG

European prices for LNG tumbled in the past week and Asian cargo prices fell as the winter season wound down with mild weather and a global gas glut that also sent the US Henry Hub spot and futures prices crashing to under $1.60 per million British thermal units.

Russian natural gas company Gazprom has repaired pipelines and facilities nationwide in preparation for an increase in Russia’s winter supplies to domestic and foreign customers as prices for pipeline natural gas and LNG stay at very high levels.