LNG

European natural gas and LNG markets entered a strongly priced November cycle as liftings from export plants were lower and spot charter prices much higher while North Asian spot LNG prices followed behind Europe’s increased demand as Nord Stream options destroyed.

The US Department of Energy has just published its latest liquefied natural gas export data illustrating the development of seasonal price differentials for the various plants with Freeport LNG in Texas overtaking Sabine Pass in Louisiana on year-to-date prices, while Brazil and the UK found their way back into the top five of monthly recipients.