European natural gas benchmarks rise again as North Asia spot LNG drifts lower amid plunge in oil prices
Liquefied natural gas prices increased in Europe as spot values for North Asia eased slightly while cargo liftings began to decline at Atlantic and Pacific Basin export plants and confusion reigned in oil markets where signals were conflicting.
LNG prices increase as demand rises with North Asia spot cargo values at over $13.00 per MMBtu
The prices of liquefied natural gas on global markets increased to their highest in 2021 in Europe while the spot LNG cargo price for North Asia rose over the $13.00 per million British thermal units level amid oil market concern about US supplies as the differential between North Sea Brent crude and US oil narrowed to well under a dollar.
Kinder Morgan begins re-start process for Elba Island Trains as plant fire investigation continues
Kinder Morgan Inc., the US pipelines company and owner of the US Elba Island LNG export plant, said it began to restart two of the three liquefaction units shutdown after a fire last week in a mixed-refrigerant compressor at the LNG facility near Savannah in Georgia.
