European LNG prices move higher along with US cargo futures while Asian spot values decline on the week
European liquefied natural gas and wholesale pipeline gas prices moved higher amid a German draw on storage while US Gulf Coast LNG futures rose on a positive demand outlook while Asian spot cargo values declined on the week.
LNG prices and futures jump even amid high storage as Israeli missile targets Iran while Qatar cuts back deliveries
European and Asian liquefied natural gas prices and futures surged again as Israel targeted military assets in Iran overnight with a wider Middle East conflict threatening LNG cargo deliveries from Qatar as departures were lower this week because of shipping security as well as weather issues.
European and Asian LNG prices yet to reach floor as cargo futures drop amid continued high EU storage levels
European and Asian liquefied natural gas prices fell again with no sign yet of the floor as cargo futures values also dropped from the US Gulf Coast to India and North Asia amid continued high European Union gas storage levels and flat global demand.
European natural gas market enters backwardation as storage drops and usage rises while Asian LNG values fall
European natural gas entered backwardation as prices in Europe and Asia dropped to three-year lows even as demand increased as temperatures fell and gas storage levels registered large draws, while US and UK air raids on Yemen still failed to push oil over $80 a barrel.
Global LNG prices plunge as oil drops $10 a barrel to raise demand doubts and ship spot charter rates tumble
European and Asian liquefied natural gas prices dropped with the February 2024 Japan-Korea Marker for North Asian spot cargoes being the highest in the complex as vessel charter rates plunged in a week when oil also lost $10 a barrel and European Union natural gas storage was full and temperatures were mild for the time of year.
European benchmark LNG prices drop to 26-month lows as margin widens with North Asian spot cargo values
Asian liquefied natural gas spot prices edged lower for August while the European Union wholesale gas benchmark plunged on the week to a 26-month low under $9 per million British thermal units - after being at $53 per MMBtu a year ago - as gas demand dropped on the Continent and EU gas storage was filling up.
US LNG exports surge as overall global liftings fall and North Asia spot prices are firm for early 2021
US LNG exports surged in the past week as overall global liftings fell back slightly and North Asia spot LNG prices advanced for January and February 2021 shipments compared with last week.
Rising European and Asian LNG values and Gulf Coast LNG futures will add momentum to winter market
The US exported 14 liquefied natural gas shipments in the past week, four more than the previous week, as rising European and Asian LNG values and increasing Gulf Coast LNG futures prices were expected to give some momentum to the winter cargo market.
