Spot LNG prices in Northeast Asia were around $5-5.5/MMBtu by the middle of May, having seen modest gains during the month. Further rises are expected, even though strong supply growth will limit gains this summer.
The NBP month-ahead price had fallen to around 36-37 p/th by mid-May. Weakening demand will cause further declines over the coming months. GGA estimates the NBP month-ahead will average around 34 p/th in Q3 2017.
The Henry Hub front-month futures price hit a four-month high in May, supported by the slower...
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