LNG

Prices spiked for North Asian spot cargoes in the post-winter windows to $28 per million British thermal units, underpinned by increasing contract cargo prices linked to oil and with European benchmarks staying at seasonal record levels and fuelling global concerns over gas shortages.

The US exported 10 liquefied natural gas shipments in the past week, one less than the previous week, as mixed US natural gas prices were offset by increasing LNG values in Europe and Asia on demand expectations even as the market remained over-supplied.