LNG

The latest US government energy report said the Henry Hub benchmark natural gas price from which the LNG price is derived is expected to increase to an average of $3.22 per million British thermal units in 2021 compared with last year’s average of $2.02 per MMBtu.

Oil prices dropped again as concerns grew about limited capacity to store crude and other products, while LNG and spot natural gas prices were weak on continued over-supply on expectations of a slow global economic recovery.