Executive Summary Market overview

January 2018

Market developments

  • 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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