LNG

European LNG and wholesale natural gas prices dropped by almost 5 percent over the past week while North Asian spot LNG cargo prices were firmer even as cargo volumes pointing at Japan began to decline amid high storage levels as is normal at this time of year in the East and West of the Northern Hemisphere.

The Arabian Gulf state of Qatar said it was going ahead with a third huge expansion project for liquefied natural gas called the North Field West (NFW) project to take overall output to 142 million tonnes per annum by the end of the decade.