EnergyScan

Prices rebound in Europe, Asian LNG prices steady above long-term oil-indexed levels

Falling LNG sendouts since the beginning of June in NW Europe (see the graph in our Daily Gas section) and steady gas-to-power demand notably for cooling purposes dragged European prompt gas prices higher on Thursday after two days of easing. Planned maintenance work at the Dutch Gate LNG terminal and the French Fos Cavaou LNG terminal have cut sendouts from those entry points recently and may have also played in the bullish sentiment on the prompt. Strong coal prices on the back of a Chinese coal market rally continued to be supportive for the curve with the API 2 Cal 2022 contract trading above the $80/t mark since the beginning June.

Global LNG prices
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-oil
February 9, 2021

Rallying by default

At 61 $/b, Brent prompt futures are now at their 7th consecutive positive session, boosted by a weakening dollar and Libyan output unable to ramp-up due…
ES-oil
October 26, 2021

Triple digits fuel prices emerge

Gasoline prices spiked yesterday in Asia, with Singapore’s benchmark 92 RON cracks reaching 17.8 $/b in the spot window (103.7 $/b in total on a…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet?  Sign up here!

[booked-calendar]