Spot LNG prices in Northeast Asia have risen further, with cargoes for delivery in February priced at more than $11/MMBtu. GGA forecasts spot LNG prices will average approximately $10/MMBtu in February and around $6.6/MMBtu in Q2.
Weak demand has weighed on gas hub prices in Europe, and prices at the peak of winter are not expected to make significant further gains. GGA forecasts the NBP month-ahead will average around 54 p/th in Q1.
The Henry Hub front-month futures price has further upside during the gas withdrawal season....
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