European and Asian LNG prices rebound amid storage draws, a drop in cargo liftings and renewed policy concerns
European and Asian liquefied natural gas prices rebounded from near three-year lows as European storage levels began to fall for key nations and liftings of LNG cargoes hit a winter season low amid renewed concern about adverse government interference in energy markets.
European natural gas prices decline further amid gas glut and margins widen in favour of Asian LNG cargoes
European liquefied natural gas price benchmarks declined by over 13 percent this week as supplies were ample and margins widened to over $4 per million British thermal units between the Pacific and Atlantic basin values .
European LNG prices hit lowest level since mid-2021 as storage builds and demand is tepid in EU and Asia
European liquefied natural gas and wholesale pipeline gas prices dropped to their lowest level since June 2021 and reached parity with slowly rising North Asian spot cargo prices as the European Union increased storage volumes while demand declined on milder weather.
European and Asian LNG market values dip amid high deliveries and ahead of Dutch December price bomb
Natural gas market prices and LNG cargo values declined in the Atlantic and Pacific Basins though stayed at substantial levels as the worldwide supply shortfall was marked this week by a lack of LNG tankers for charter and moderate cargo lifting levels at export plants.
LNG vessels leaving with their last cargoes before Xmas as Asian prices soar and European gas follows
The liquefied natural gas fleet increased liftings amid a vessel shortage to carry spot Asian volumes with cargo prices soaring over 20 percent in a week and European gas benchmark prices following suit on supply concerns.
