Friday, 30 July 2021 07:20
Demand for LNG surges amid supply shortfall concerns reflected in soaring Asian and European prices
Demand for liquefied natural gas cargoes surged worldwide as liftings fell amid concerns about a coming global shortage of supplies leading to a jump in North Asian spot cargo prices to over $16.00 for October delivery and European natural gas values reaching their highest for the season since the early 2000s.
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