European LNG prices and Asian spot cargo values surge on the week as supply concerns spark more volatility
European liquefied natural gas and wholesale pipeline gas prices soared by over 16 percent on the week while stronger Asian spot cargo values and higher global gas futures prices signalled a return of volatility to a market harbouring doubts about the stability of supplies.
Global LNG prices decline amid mixed EU storage and increasing gas market management attempts by Brussels
European and Asian liquefied natural gas prices declined this week in the absence of geopolitical dramas and as markets adapted to a mixed gas storage picture amid continued market management attempts by the European Union.
Indian LNG imports drop under 20 million tonnes for fiscal year as prices start to fall and new terminal opens
Indian liquefied natural gas imports for the fiscal year dropped by more than 14 percent and below the 20 million tonnes mark and were also well down for the month of March following a brief resurgence in the previous month when shipments had risen.
Petronet LNG outlines expansion plans and spot cargo, small-scale LNG and gas-mixing details
Petronet LNG, the owner of the largest Indian import terminal at Dahej north of Mumbai, has outlined details about import expansion plans, target prices for spot cargoes, advances in small-scale LNG and blending LNG with domestic gas to cut costs for city-gas distributors.
LNG cargo market for Asia and Europe is still buoyant as governments seek to control oil and gas prices
Spot liquefied natural gas prices for North Asia dropped under $30 for June and July as global cargo liftings declined and front-month prices converged with European values at the start of a European Commission-monitored gas injection season and as OECD governments also try to control oil prices.
Asian and European LNG values converge as expectations grow of still high gas demand in April and May
Liquefied natural gas prices declined by around 8.5 percent on the week for spot cargoes pointing at China, South Korea and Japan in April and May, as well as Europe, on expectations of renewed Asian demand signalled by the oil market.
