European and Asian LNG prices decline again as seasonal changes flow through gas market and shipping
European and Asian natural gas market prices declined in the past week but North Asia spot cargo values fell at a faster rate as Atlantic and Pacific Basin competition increased and the shipping charter market tried to reorganize for a change of season.
European gas and LNG prices drop as demand weakens again while Asian spot cargo values fall at slower pace
Europe’s natural gas and LNG markets suffered another price fall on the week of 5.8 percent amid mild winter weather as the Japan-Korea Marker price for spot cargoes extended its front-month premium to $5.65 per MMBtu over European Union values.
European gas prices drop again as demand weakens while Asian spot cargo price widens gap with Europe
European natural gas prices and LNG values dropped a further 16 percent this week amid mild winter weather and the Japan-Korea Marker for spot cargoes also declined, though at a slower pace and widened the gap to over $4.70 per MMBtu with Europe’s benchmark gas price as Germany was poised to receive regular LNG shipments.
European and Asian LNG market values dip amid high deliveries and ahead of Dutch December price bomb
Natural gas market prices and LNG cargo values declined in the Atlantic and Pacific Basins though stayed at substantial levels as the worldwide supply shortfall was marked this week by a lack of LNG tankers for charter and moderate cargo lifting levels at export plants.
European LNG prices drop from record levels and Asia spot falls as energy markets pause before coming storm
The European Union benchmark Dutch Title Transfer Facility price tumbled by 24 percent in the past week from previous record levels while remaining above $70 per million British thermal units amid prospects of very tight markets and commodity shortages heading towards the winter season.
LNG cargo market for Asia and Europe is still buoyant as governments seek to control oil and gas prices
Spot liquefied natural gas prices for North Asia dropped under $30 for June and July as global cargo liftings declined and front-month prices converged with European values at the start of a European Commission-monitored gas injection season and as OECD governments also try to control oil prices.
Asian and European LNG values converge as expectations grow of still high gas demand in April and May
Liquefied natural gas prices declined by around 8.5 percent on the week for spot cargoes pointing at China, South Korea and Japan in April and May, as well as Europe, on expectations of renewed Asian demand signalled by the oil market.
