Spot LNG prices are continuing to rise in Northeast Asia, including in China, as strong demand drives up the need for imported cargoes. Average prices for June delivery are around $8.4/MMBtu, while prices for August delivery are expected to average $10/MMBtu.
European hub prices are now above the averages seen during the peak of winter. Maintenance and the continuing decline in output from the Groningen field are hitting supplies. The NBP month-ahead was around 54-56 p/th by the middle of June compared with 52 p/th...
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