LNG

European liquefied natural gas price benchmarks declined by over 13 percent this week as supplies were ample and margins widened to over $4 per million British thermal units between the Pacific and Atlantic basin values .

European Union liquefied natural gas and pipeline gas prices dropped 14 percent as mild weather and the highest weekly EU storage build of 2023 saw Germany and Italy filled by over 70 percent while Asian spot LNG prices declined as well, though at a slower rate.