European LNG and pipeline gas prices drop by almost 5 percent on the week as Asian spot values hold up
European LNG and wholesale natural gas prices dropped by almost 5 percent over the past week while North Asian spot LNG cargo prices were firmer even as cargo volumes pointing at Japan began to decline amid high storage levels as is normal at this time of year in the East and West of the Northern Hemisphere.
European LNG prices drop for fourth week as Asia rebounds on wider margins and tight shipping
European liquefied natural gas prices declined for a fourth week even as some European Union nations began drawing on record storage levels attained without Russian pipeline gas while North Asian spot cargo prices increased and cargo flows were high to China.
North Asia LNG spot prices jump again along with US futures and Dutch TTF amid higher cargo flows
Liquefied natural gas prices jumped for the September delivery cycle for North Asia spot shipments along with the number of cargo liftings at global liquefaction plants as US front-month Henry Hub natural gas futures broke through the barrier of $4.000 per million British thermal units for first time in 2021.
Global LNG cargo supplies ease off while prices stay firm amid positive trend of underlying demand
Cargo liftings fell slightly at export plants worldwide, though North Asia prices were still substantially higher than those in Europe and US Gulf Coast futures held up amid adequate future demand forecasts.
US and European natural gas prices fall led by UK drop to $1.70 per MMBtu on economic slump
US natural gas front-month futures declined because of forecast milder weather and as storage inventories built up, while European and Asian LNG price indicators continued to be pushed down by over-supply and lack of demand in the Atlantic and Pacific basins because of the global economic slump.
