LNG cargo market for Asia and Europe is still buoyant as governments seek to control oil and gas prices
Spot liquefied natural gas prices for North Asia dropped under $30 for June and July as global cargo liftings declined and front-month prices converged with European values at the start of a European Commission-monitored gas injection season and as OECD governments also try to control oil prices.
Fleet owner Flex LNG posts record profits while spot freight has ‘red-hot’ November and ‘ice-cold’ January
Flex LNG, the shipping company with a fleet of 13 carriers, achieved charter equivalent rates of almost $96,000 per day in the fourth quarter to help reach record revenues and net income.
Asian spot LNG cargo premium widens as Dutch TTF has double-digit drop for second week and liftings fall
Global LNG prices fell for a second week as cargo liftings declined while European benchmarks dipped more than the Japan-Korea marker price and opened up a premium approaching $6 per million British thermal units for spot shipments sold into China, Japan or South Korea.
Global LNG cargo supplies ease off while prices stay firm amid positive trend of underlying demand
Cargo liftings fell slightly at export plants worldwide, though North Asia prices were still substantially higher than those in Europe and US Gulf Coast futures held up amid adequate future demand forecasts.
