European LNG prices at two-year lows as Asia softens and Italian and German storage over 70 percent filled
European Union liquefied natural gas and pipeline gas prices dropped 14 percent as mild weather and the highest weekly EU storage build of 2023 saw Germany and Italy filled by over 70 percent while Asian spot LNG prices declined as well, though at a slower rate.
North Asian LNG and European gas benchmarks jump because of global supply worries and plant outages
European Union natural gas benchmarks and North Asia spot liquefied natural gas cargo prices advanced because of concerns that Russia could cut off the main pipeline link to Germany and cause a global LNG supply crisis at a time when US and Australian shipments were down because of outages.
Intercontinental Exchange reports record average daily volumes for LNG benchmark Dutch TTF
Intercontinental Exchange, the leading global provider of trading platforms and clearing, said December and fourth-quarter average daily volumes of traded derivatives contracts surged for the European natural gas and LNG benchmark, the Dutch Title Transfer facility.
Asian spot LNG prices ease with European cargo values but higher March 2022 futures give market signal
Asian spot liquefied natural gas prices eased on the week with only March 2022 rising to underpin current value levels, while European benchmarks were slightly lower and cargo liftings from Atlantic and Pacific Basin plants continued to be at a balanced level.
