LNG

US liquefied natural gas LNG shipments increased in the past week even as LNG cargo prices remained at historically low levels in Asia while European prices were still much lower than the US spot Henry Hub benchmark.

Russian Energy Minister Alexander Novak said his nation planned to obtain a 20 percent share of the global liquefied natural gas market thanks to its abundant natural gas reserves, particularly in Siberia where the Yamal LNG plant is operating and several other ventures are planned.