Spot LNG prices in Northeast Asia have fallen to around $5-5.5/MMBtu and further pressure on prices is anticipated over the coming months. However, spot prices in the region will rise in the summer as swings in demand will pull prices up.
Weakening European demand will put further pressure on prices through the early part of the injection season, especially in the UK. The NBP month-ahead was around 38-39 p/th by the middle of April.
Tightening gas supplies in the Louisiana market in the US will support Henry...
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