LNG cargo liftings stay firm as Asia spot rises and UK natural gas supplies surge as wind power plummets
Cargo liftings at global liquefaction plants stayed over the 100 level as North Asia spot prices increased along with US Gulf Coast futures, while pipeline and LNG supplies to the UK natural gas market jumped and available wind power plummeted.
LNG export plants keep liftings at high level even as prices ease in North Asia and European markets
Global liquefied natural gas export plants marginally increased their cargo liftings as North Asia spot prices dropped along with those in Europe, while other energy markets were underpinned by higher crude oil prices on prospects more nations will be fully relaunching their economies.
UK natural gas prices hit winter record as coal-fired power makes up deficit while LNG drawn to Asia
UK natural gas prices hit a record level as system operator National Grid issued warnings on supply deficits and more coal-fired power was required in the absence of LNG shipments mostly drawn to North Asia by higher spot prices.
