LNG

Global liquefied natural gas cargo prices from North Asia to the European Union continued their upward trend for a fifth week, defying the record storage levels at the end of the winter season amid market concerns about possible energy policy or geopolitical threats that could undermine sentiment in the months ahead.

European natural gas prices and LNG values declined along with North Asian spot cargo prices as the Northern Hemisphere winter season fades away amid soft prices in the Atlantic and Pacific basins, high levels of supplies and lower spot shipping charter rates.