Asian and European cargo prices spike for post-winter season as liftings rise and oil surge underpins contract LNG
Prices spiked for North Asian spot cargoes in the post-winter windows to $28 per million British thermal units, underpinned by increasing contract cargo prices linked to oil and with European benchmarks staying at seasonal record levels and fuelling global concerns over gas shortages.
Global promoter of natural gas industry IGU presents wholesale survey of pipeline and LNG pricing
The International Gas Union, the global promoter of the natural gas industry and whose membership covers 85 countries and 95 percent of the gas market, has published its latest Global Wholesale Gas price survey showing that gas-on-gas competition (GOG) in the markets continued on its upward path.
Origin Energy plans drilling cutback in CSG fields as Queensland’s APLNG plant revenues decline
Origin Energy, the Australian utility and shareholder with China’s Sinopec and ConocoPhillips in the Australia-Pacific LNG plant in Queensland, said revenues dropped during the quarter, driven by lower realised prices for long-term LNG and it was cutting back on coal-seam feed-gas output because of subdued demand.
US company for energy derivatives to hedge markets like LNG and natural gas shows revenue surge
CME Group Inc., the global derivatives company for energy and other commodities to hedge physical LNG, natural gas, oil or gasoline trading reported a surge in first-half income but failed to repeat the record numbers for March and April 2020.
