EU LNG prices ease on week as Atlantic-Pacific competition gathers pace and ship charter rates surge
European Union liquefied natural gas prices eased on the week and were surpassed by UK wholesale natural gas prices while Asian spot values for November edged higher as competition between Atlantic and Pacific Basin buyers gathered pace with cargo liftings increasing and spot carrier charter rates surging.
European and Asian LNG prices fall but logistical costs rise for spot charters and cargo liftings decline
European and Asian natural gas market prices declined and shipping spot charter rates began to gather pace while there were fewer cargoes to lift this week from global export plants.
Tellurian stays optimistic on finding equity and volume LNG customers as natural gas output rises four fold
Tellurian Inc., the US LNG developer of the Driftwood project near Lake Charles in Louisiana, said it ended the fourth quarter of 2022 with the first phase of Driftwood LNG under construction and $474.2 million of cash and cash equivalents available as short-term financing and operating costs.
North Asian LNG cargoes flow even as prices retreat from seasonal highs and European values soften
North Asian LNG spot prices came off recent seasonal highs to drop into the $12.00 per million British thermal units zone as European values also eased and an economic recovery was awaited to match all the talk amid mixed signals from the oil market.
Indian LNG imports rise for second straight month of fiscal year led by Africa cargoes
Indian liquefied natural gas imports increased for a second month of the current fiscal year as the nation received more cargoes from West Africa, while its market moved towards building more infrastructure.
