LNG and pipeline gas prices rebound worldwide as high storage and warm weather fail to stem supply concerns
Liquefied natural gas and wholesale pipeline gas values in Europe and Asia as well as US Gulf Coast LNG cargo futures rebounded on higher demand forecasts even as storage was mixed and temperatures warmer.
North Asia LNG spot prices jump again along with US futures and Dutch TTF amid higher cargo flows
Liquefied natural gas prices jumped for the September delivery cycle for North Asia spot shipments along with the number of cargo liftings at global liquefaction plants as US front-month Henry Hub natural gas futures broke through the barrier of $4.000 per million British thermal units for first time in 2021.
Global LNG cargo supplies ease off while prices stay firm amid positive trend of underlying demand
Cargo liftings fell slightly at export plants worldwide, though North Asia prices were still substantially higher than those in Europe and US Gulf Coast futures held up amid adequate future demand forecasts.
LNG liftings rise worldwide while Asia spot prices weaken along with European and US benchmarks
LNG cargo liftings were higher worldwide for a second straight week even as North Asia spot LNG prices dropped for January and February deliveries, while staying around the $6.200 per million British thermal units level as European and US natural gas benchmarks retreated amid Covid-19 shutdowns.
Rising European and Asian LNG values and Gulf Coast LNG futures will add momentum to winter market
The US exported 14 liquefied natural gas shipments in the past week, four more than the previous week, as rising European and Asian LNG values and increasing Gulf Coast LNG futures prices were expected to give some momentum to the winter cargo market.
