LNG prices in Northeast Asia are rising and were up to around $8-8.5/MMBtu by mid-October. Strong levels of buying at the start of the winter season have helped push up prices.
Supply-side support for prices had boosted the NBP month-ahead to around 50 p/th as of mid-October. Temperatures in much of Europe have been largely around average in recent weeks, but supply tightness has helped raise prices in the UK and on the continent.
The Henry Hub front-month futures price has already made substantial gains this...
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