European and Asian LNG prices are mixed as US Henry Hub stays under $2 and EU storage re-starts
European natural gas prices and LNG values were mixed as the winter season ended and there was a mixed bag of prices for the Northern Hemisphere summer while European Union gas storage was building already apart from in France while the front-month Asian spot price declined even amid more China optimism.
Asian and European LNG prices fall to $14 as gas markets recall year-ago surge to $54 over Ukraine
European and Asian natural gas market prices declined again with the Dutch Title Transfer Facility (TTF) benchmark falling by over 7 percent on the week to about $14.5 per million British thermal units as more LNG cargoes were pointed at Europe, though the current price was well down on the $53.8 per MMBtu that prevailed exactly a year ago after the Russian invasion of Ukraine caused chaos in already tight global gas markets.
US LNG export surge in first half is forecast to gather pace for rest of 2021 on high global demand
US liquefied natural gas exports surged in the first half of 2021, growing by more than 40 percent compared with the same period of 2020, and government forecasts see demand gathering pace in the second half.
Over 90 LNG cargo liftings signal steady recovery as North Asia spot price moves over $6.00 level
More than 90 liquefied natural gas shipments were being lifted this week at global liquefaction plants as the US saw 12 cargoes departing from its facilities and the North Asia spot LNG price moved above the $6.00 mark, while European natural gas benchmarks were firm at around $5.15 per MMBtu.
US LNG cargo cancellations seen at 130 shipments through July and August amid slow price recovery
About 130 cargo loadings have been cancelled at US LNG export plants since April 2020, including 40 liftings that would have been scheduled for July and the same number for August.
