LNG

European and Asian liquefied natural gas prices and wholesale values fell again as European Union gas storage continued its early build while Germany and China were receiving more cargoes.

The European Union benchmark Dutch Title Transfer Facility price declined in the past week and was also lower than on the same day in 2021 as was the spot LNG cargo price for North Asian LNG as net withdrawals from EU gas storage increased amid colder weather and cargo demand from China, Japan and South Korea was steady.

Liftings of liquefied natural gas cargoes were steady in the week as European gas benchmark prices rose and LNG futures for the US, Indian and North Asian markets for January and February 2022 gained ground.