Indian LNG imports rebound by almost 8 percent as demand increases and prices start to moderate
Indian liquefied natural gas imports started 2023 on a brighter note with LNG deliveries increasing by almost 8 percent as falling cargo costs encouraged industrial buyers in West Asia to purchase more gas.
European gas and LNG prices drop as demand weakens again while Asian spot cargo values fall at slower pace
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.
European and Asian LNG prices drop for third week to be 150 percent higher than a year ago as markets adapt
European and Asian wholesale gas markets and LNG values declined for a third week with the European Union benchmark being one-and-a-half times more than where it was a year ago, five months before the war in Ukraine and when Nord Stream II was still a possibility.
Asian LNG spot cargo prices and European gas benchmarks go through the roof amid perceived shortages
Liquefied natural gas cargo liftings dropped and February LNG spot prices for delivery to the North Asian nations China, Japan and South Korea went through the roof, accompanied by record European wholesale natural gas futures prices for January soaring over 40 percent in a week.
India LNG imports end months of decline with small rebound as domestic output and regas capacity rise
India’s liquefied natural gas imports edged higher for the first month in four, along with domestic gas production, as a new LNG import facility on the West Coast is being commissioned to boost delivery capability amid the nation’s slow economic recovery from the ongoing effects of Covid-19.
