Global LNG prices increase with focus shifting to winter supplies as liftings fall and spot shipping rates rise
European and Asian liquefied natural gas prices increased this week as market focus shifted from high natural gas storage levels to the likely rapid draw in the weeks ahead on market supplies and with spot LNG charter rates also rising for trading in the Atlantic and Pacific basins.
European natural gas prices crash as North Asia LNG values briefly regain the limelight at least for February
The Japan-Korea Marker price for spot LNG cargoes for Japan, China and South Korea moved back to the trading limelight for the February 2023 trading window as the European Union benchmark gas price crashed from record highs amid less severe Continental weather, though withdrawals from EU gas storage increased.
LNG cargo market for Asia and Europe is still buoyant as governments seek to control oil and gas prices
Spot liquefied natural gas prices for North Asia dropped under $30 for June and July as global cargo liftings declined and front-month prices converged with European values at the start of a European Commission-monitored gas injection season and as OECD governments also try to control oil prices.
LNG vessels leaving with their last cargoes before Xmas as Asian prices soar and European gas follows
The liquefied natural gas fleet increased liftings amid a vessel shortage to carry spot Asian volumes with cargo prices soaring over 20 percent in a week and European gas benchmark prices following suit on supply concerns.
LNG liftings rise to highest in March as prices increase and Suez blockage impact seen as minimal
Liquefied natural gas export plants increased liftings to their highest level in March as North Asian spot cargo prices increase amid firm European natural gas values and little LNG market effects seen from the temporary traffic blockage in the Suez Canal.
LNG cargo liftings prove buoyant in December with 438 departures as prices set to stay firm into 2021
Liftings of liquefied natural gas cargoes were buoyant during December with 438 shipments departing so far from liquefaction plants worldwide as North Sea Brent crude stayed firm, raising long-term LNG values, while North Asia spot prices were at just over $11.00 per million British thermal units for February deliveries.
LNG liftings rise as Asia spot price hovers under $7.00 level amid weaker oil and stronger Henry Hub
Around 104 LNG shipments were being lifted this week versus 102 last week at global liquefaction plants as the US saw 16 cargoes departing from its facilities and the North Asia spot LNG price moved closer to the $7.00 mark for December shipments.
Current LNG cargo liftings
Oct 5 (LNGJ) - The 160,000 cubic metres capacity vessel “Golar Crystal” docked on October 5 at the Sabine Pass export plant in Louisiana, operated by Cheniere Energy, to lift a cargo, according to shipping data. The 174,000 cubic metres capacity carrier “Gaslog Gibraltar” has loaded a shipment from the Trinidad plant at Point Fortin in the Caribbean and was awaiting orders. The 165,000 cubic metres capacity vessel “LNG Fukurokuju” has docked at the Australia Pacific LNG jetty at Curtis Island in Queensland to lift a cargo for Japan. The 135,225 cubic metres capacity carrier “Golar Mazo” has arrived at the Bontang plant in Indonesia for a cargo lifting for Taiwan.
