Liquefied natural gas cargo liftings increased and spot LNG prices for North Asia jumped for February and March 2022 deliveries as European natural gas benchmarks also gained ground on prevailing supply concerns.
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.
Feb 9 (LNGJ) - The 170,050 cubic metres capacity carrier “Hoegh Gannet” was scheduled to deliver a cargo on February 16 to the UK South Hook terminal in Milford Haven from the Sabine Pass plant in Louisiana, according to port authorities. The vessel was heading across the Atlantic as the UK National Balancing Point price recovered from an earlier fall and was last quoted at the equivalent of $7.15 per million British thermal units.