European and North Asia LNG cargo prices drop but US and Asian futures appear to put limit on further falls
US natural gas prices and Asian spot cargo values signalled that the price of gas around the world had dropped far enough, led down by high European supply levels and record storage, as future prices in the US and West Asia rebounded even as the Red Sea and Middle East security situation in the past week deteriorated while failing to push crude oil prices significantly higher.
LNG prices stay high over lack of confidence in Russia gas replacement plan amid EU gas and power grab
Asian liquefied natural gas spot prices and European LNG cargo values remained at high levels as the European Union moved towards more regulation of natural gas and power markets and amid the likely failure of US and EU attempts to fully replace Russian pipeline gas supplies from other sources.
Asian and European LNG values converge as expectations grow of still high gas demand in April and May
Liquefied natural gas prices declined by around 8.5 percent on the week for spot cargoes pointing at China, South Korea and Japan in April and May, as well as Europe, on expectations of renewed Asian demand signalled by the oil market.
North Asia LNG spot prices soar along with European benchmarks and point to winter market supply crunch
Liquefied natural gas prices for deliveries to China, Japan and South Korea soared to more than $20 per million British thermal units for November amid a rise in cargo liftings at global liquefaction plants as record prices in Europe pointed to a possible winter supply crunch.
