LNG

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.

Liquefied natural gas prices increased in Europe as spot values for North Asia eased slightly while cargo liftings began to decline at Atlantic and Pacific Basin export plants and confusion reigned in oil markets where signals were conflicting.

Cargo liftings of liquefied natural gas are maintaining their momentum through the week to April 11 and spot cargo prices for North Asia increased for June and July compared with last week while European gas values were flat.