Asian and European LNG prices increase for third week propelled by geopolitical and energy policy concerns
Asian liquefied natural gas prices and European cargo values increased for a third week as the Northern Hemisphere winter gas season is set to close with high storage yet to be tested for a second year by adverse weather while crude oil hit a four-month high on negative supply forecasts.
European LNG prices drop as Asia edges higher even as deliveries to China tumble ahead of Lunar New Year
European liquefied natural gas prices dropped as supplies were ample for the remainder of the winter season while Asian spot cargo prices edged higher even as LNG deliveries to China hit seasonal lows ahead of the Chinese New Year holiday shutdown.
LNG prices ease again with full storage, mild weather and logistics favouring European supply over Asia
Global liquefied natural gas prices declined for a third week as European Union supply was helped by peak storage levels and mild weather, while the start of winter in parts of China coincided with further restrictions on Panama Canal transits and along with narrow price margins will limit arbitrage opportunities.
