Spot LNG prices in Asia Pacific are around $5.0-5.5/MMBtu and while some gains could be seen, they will be modest. With Japan showing a weak appetite for spot cargoes and increasing volumes of LNG hitting the region, summer peak prices are under pressure. GGA expects the average regional spot price in Q3 to be around $5.6/MMBtu.
European month-ahead hub prices have held steady in recent weeks but are expected to come under pressure from weakening demand. The NBP month-ahead was around 34-35 p/th by mid-June but...
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