LNG

European LNG and wholesale natural gas prices surged over the past week as a lack of confidence prevailed in energy markets over restrictive European policies while Asian LNG demand increased and futures prices from the US to India were strong through to the year-end.

Global liquefied natural gas and spot and future wholesale pipeline gas prices lost some ground over the past week though the market remained volatile as shipping insecurity on Middle East routes was expected to last into 2025.