LNG

European and Asian liquefied natural gas prices dropped again after last week’s brief rebound as storage level optimism prevailed despite lower temperatures and with fewer LNG cargoes pointing at the European Union.

Energy Transfer LP, the owner of pipeline and other assets in the Permian Basin and Haynesville Shale as well as the Cushing crude oil delivery system, has signed an LNG sale and purchase agreement (SPA) with global commodities firm Gunvor and its third in the past two months for its Lake Charles LNG export project in Louisiana.