European LNG prices hit lowest level since mid-2021 as storage builds and demand is tepid in EU and Asia
European liquefied natural gas and wholesale pipeline gas prices dropped to their lowest level since June 2021 and reached parity with slowly rising North Asian spot cargo prices as the European Union increased storage volumes while demand declined on milder weather.
Asian LNG prices decline along with EU gas values as storage edges higher while Chinese deliveries increase
Asian spot liquefied natural gas prices fell and European wholesale values declined by a bigger margin as the early European Union gas storage build continued at a steady pace, while German import volumes dropped off and China’s deliveries increased.
European and Asian LNG prices fall but logistical costs rise for spot charters and cargo liftings decline
European and Asian natural gas market prices declined and shipping spot charter rates began to gather pace while there were fewer cargoes to lift this week from global export plants.
Gas price stays high as EU storage withdrawals rise amid cold weather and oil slump signals economic woes
North Asian spot cargo prices increased on the week though the differential remained at almost $10 in favour of the Dutch Title Transfer Facility European Union benchmark price as net withdrawals from EU gas storage increased because of sub-zero temperatures in the region.
European and Asian LNG prices drop for second week amid steady cargo liftings and rising spot charter prices
The natural gas markets in Europe and Asia absorbed several negative geopolitical moves and influences and prices still dropped for a second week, while rising spot charter rates for LNG carriers and tighter supplies signalled a coming winter surge.
European LNG cargo prices still near highs after record surge this week as Russian gas supply crisis escalated
European Union natural gas prices and LNG values hit record levels this week and the benchmark Dutch Title Transfer facility price was still just below $60 per million British thermal units after the Russian gas dispute escalated while Asian LNG spot cargo prices also gained ground on the week, though at a slower pace than the EU market.
European LNG benchmark declines but is still $39 per MMBtu higher than last summer amid Russia gas threat
Europe’s benchmark natural gas and LNG cargo prices lost some ground on the week but were still over $39 per MMBtu higher than last summer before the Russian gas supply crisis and remained $12 per MMBtu ahead of North Asia spot cargo valuations as liftings from global liquefaction and export plants increased.
North Asian LNG and European gas benchmarks jump because of global supply worries and plant outages
European Union natural gas benchmarks and North Asia spot liquefied natural gas cargo prices advanced because of concerns that Russia could cut off the main pipeline link to Germany and cause a global LNG supply crisis at a time when US and Australian shipments were down because of outages.
Asian and European LNG price convergence continues amid supply concerns and more cargo liftings
Liquefied natural gas spot cargo prices for China, Japan and South Korea remained high in the $24-$25 per million British thermal units band along with European wholesale natural gas prices on supply concerns in the European Union and the UK that preceded the current Russia-Ukraine tensions.
Asian LNG prices rise for March-April while European values rebound as Dutch need more Groningen gas
North Asian spot LNG cargo futures prices increased markedly for March and April deliveries while European benchmarks moved higher again as the Netherlands prepares to increase Groningen gas field output, while crude oil prices hit seven-week highs.
