European LNG benchmark Dutch TTF soars to 2022 record high while North Asian LNG spot cargo prices lag
The Dutch Title Transfer Facility price, the European Union benchmark for LNG and natural gas markets, hit a 2022 record while North Asia spot cargo prices lagged in comparison by over $15 per million British thermal units with shipments pointing at the EU valued at over $200 million each.
LNG prices rise to records for Asian spot cargoes but now overtaken by Dutch TTF and UK NBP benchmarks
Prices of liquefied natural rose across the board with records set for North Asian spot cargoes as well as for the Dutch and UK benchmarks as cargoes deliveries increased but not at sufficient levels to alleviate global shortages.
Price of LNG surges worldwide with Europe reaching 2021 highs and Asian spot at over $12 per MMBtu
The advance of North Sea Brent crude prices to above two-year highs continued this month’s hydrocarbon sector revival and with 2021 highs also being set for European LNG values and the North Asia spot LNG price jumping to over $12 as more cargoes were being lifted worldwide.
Demand for LNG supports continued firm prices as European and Asian buyers are offered fewer cargoes
Liquefied natural gas cargo liftings are decreasing this week while North Asian spot cargo prices and benchmark European values were still strong after the Dutch Title Transfer Facility price reached a 2021 high and North Sea Brent crude was at levels not seen for two years.
LNG prices rise as other markets unnerved by gasoline lines in US and 800 barges blocked on Mississippi
Cargoes of liquefied natural gas were still the subject of high prices in North Asia and Europe as the Japan-Korea Marker for spot cargoes hit the $10 per million British thermal units mark while European benchmark LNG values increased to their highest in 2021.
LNG shipments increase along with North Asia spot price as oil’s partial revival lifts energy markets
LNG cargo liftings were higher worldwide for a third straight week and North Asia spot LNG prices increased for January and February deliveries, but fell just short of the $7.000 per million British thermal units level before moving higher at the close.
LNG liftings gather pace backed by surge to $6.87 per MMBtu in Asian spot price and UK values
Around 102 LNG shipments were being lifted this week versus 91 last week at global liquefaction plants as the US saw 14 cargoes departing from its facilities and the North Asia spot LNG price moved above the $6.87 mark, while US and European natural gas benchmarks hit $2.98 per MMBtu and $5.65 per MMBtu respectively.
