European and Asian LNG prices fall again amid EU storage build and highest cargo volumes yet for Germany
European and Asian liquefied natural gas prices and wholesale values fell again as European Union gas storage continued its early build while Germany and China were receiving more cargoes.
Q-Max LNG for UK
May 10 (LNGJ) - Qatar is delivering a cargoes to the UK on May 14 on board the 261,100 cubic meters cubic metres capacity Q-Max carrier “Zarga”. The vessel from Ras Laffan will berth at the South Hook import facility in the Welsh port of Milford Haven, according to the port authorities. The latest shipment is due as the UK National Balancing Point natural gas benchmark price and the main Continental European price, the Dutch Title Transfer Facility (TTF), both remained near to seasonal highs at the equivalent of $8.60 per million British thermal units and $8.65 per MMBtu respectively.
North Sea Brent and US WTI crude oil prices drop again with LNG values in their wake
Oil prices dropped again as concerns grew about limited capacity to store crude and other products, while LNG and spot natural gas prices were weak on continued over-supply on expectations of a slow global economic recovery.
