LNG

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.

North Asian liquefied natural gas spot prices were overshadowed by a renewed surge in the Dutch Title Transfer Facility wholesale futures price to over $40 per million British thermal units while US Gulf Coast prices jumped because of the new politically fixed supply line to Europe.