LNG cargo prices maintain their upward trend and defy market gravity of high gas storage and warmer weather
Global liquefied natural gas cargo prices from North Asia to the European Union continued their upward trend for a fifth week, defying the record storage levels at the end of the winter season amid market concerns about possible energy policy or geopolitical threats that could undermine sentiment in the months ahead.
LNG is in demand in North Asia and Europe as Japan-Korea prices and European benchmarks jump
Demand for liquefied natural gas was high worldwide as liftings remain in the three-digit zone with spot cargo prices rising for North Asia and with European benchmark gas values offering Atlantic-Pacific competition.
LNG demand remains firm with Asian spot over $8.00 per MMBtu while European gas prices increase
Demand for liquefied natural gas cargoes was at a firm seasonal level as liftings increased and prices rose again for spot shipments to North Asia, while European gas market benchmarks were around $7.50 per million British thermal units.
