Requirements for additional LNG imports have driven up spot LNG prices in Northeast Asia. The price of cargoes for delivery in February has risen to over $11/MMBtu. Strong buying from China supported the rise.
European gas prices have fallen from the peaks seen in December and have been relatively stable over the first half of January. The NBP month-ahead was around 53-55 p/th as of the middle of January.
The differential between Henry Hub spot and front-month futures prices has widened in January as speculators focus...
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