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.
European LNG prices defy mild weather, high storage and steady supplies to edge higher with Asian prices
European liquefied natural gas prices rebounded for the week after four straight weeks of declines with the wholesale market price defying milder weather conditions, high storage and the most optimum spell this winter for the use of wind power while North Asian spot cargo prices also edged higher.
Europe maintains LNG delivery price edge over Asia as liftings fall this week while spot charter rates climb
The benchmark European Union natural gas futures price remained more than $9 per million British thermal units above Asian spot LNG cargo values, even as prices dropped, while cargo liftings declined amid various outages and ship charter rates jumped.
LNG cargo liftings maintain momentum and North Asia spot prices increase on week for June and July
Cargo liftings of liquefied natural gas are maintaining their momentum through the week to April 11 and spot cargo prices for North Asia increased for June and July compared with last week while European gas values were flat.
