European and Asian LNG prices drop as supply optimism outweighs concerns over market disruptions
European and Asian liquefied natural gas prices dropped again after last week’s brief rebound as storage level optimism prevailed despite lower temperatures and with fewer LNG cargoes pointing at the European Union.
European benchmark LNG prices drop to 26-month lows as margin widens with North Asian spot cargo values
Asian liquefied natural gas spot prices edged lower for August while the European Union wholesale gas benchmark plunged on the week to a 26-month low under $9 per million British thermal units - after being at $53 per MMBtu a year ago - as gas demand dropped on the Continent and EU gas storage was filling up.
European LNG values break records as Asian spot prices rise again and Nymex Henry Hub hits $5 mark
European natural gas prices and LNG values hit summer season records of over $19 per million British thermal units as Asian spot cargo prices soared over $21 per MMBtu and US Henry Hub futures moved over the $5 per MMBtu level, signalling global shortages for gas for power in the coming Northern Hemisphere winter.
