European and North Asia LNG cargo prices drop but US and Asian futures appear to put limit on further falls
US natural gas prices and Asian spot cargo values signalled that the price of gas around the world had dropped far enough, led down by high European supply levels and record storage, as future prices in the US and West Asia rebounded even as the Red Sea and Middle East security situation in the past week deteriorated while failing to push crude oil prices significantly higher.
European natural gas and LNG prices skyrocket by 47 percent on geopolitical and energy security concerns
European natural gas and LNG prices skyrocketed by 47 percent on the week to their highest level since mid-February as geopolitical and energy security tensions gripped the Atlantic Basin and Mediterranean markets while North Asian spot cargo prices rose by just over 5 percent.
European natural gas prices drop as storage peaks while Asian LNG prices increase along with cargo liftings
European benchmark natural gas prices dropped on the week as natural gas storage levels almost peaked in the European Union while North Asian front-month LNG spot cargo prices edged higher as more demand was expected in the weeks ahead.
LNG prices rebound as liftings increase along with spot shipping charter rates and with EU storage still building
Global liquefied natural gas prices rebounded this week led by European Union prices that reversed a 10-week slide with a double-digit increase as Asian spot cargo values also rose with shipping rates and against the background of a record EU gas storage build.
European LNG prices fall for 10th week as Germany and Italy lead storage build and Asia-EU differential widens
European Union liquefied natural gas and pipeline gas prices fell for a 10th week as storage inventories filled, particularly in Italy and Germany, helped by steady LNG cargo deliveries and low gas demand, while North Asian spot cargo prices also fell, though at a slower rate.
