Asian LNG spot prices narrow differential with Dutch TTF as cargo price signals arrive for third quarter
Asian LNG spot prices narrowed the differential with European Union wholesale gas markets as futures trading signalled high prices in the third quarter and beyond as the gas complex remained underpinned by high Brent crude values even as an oil demand turnaround is awaited.
LNG cargo liftings prove buoyant in December with 438 departures as prices set to stay firm into 2021
Liftings of liquefied natural gas cargoes were buoyant during December with 438 shipments departing so far from liquefaction plants worldwide as North Sea Brent crude stayed firm, raising long-term LNG values, while North Asia spot prices were at just over $11.00 per million British thermal units for February deliveries.
Global LNG cargo numbers increase amid firm Asia prices, a US record and oil at highest since March
LNG cargo liftings increased worldwide for a fourth straight week and North Asia spot LNG prices were firm with January at $7.500 per million British thermal units as US LNG exports broke a monthly record and the North Sea Brent crude oil price hit its highest level since March.
