High summer temperatures have pushed up demand for imports and supported LNG spot prices in Asia. Northeast Asian spot LNG prices were around $10/MMBtu in mid-August. Further gains in regional spot prices are expected ahead of winter.
Gas prices received demand-side support in Europe during the peak of summer as severe heat hit much of the Continent. Periods of planned maintenance and strikes also limited supply. The NBP month-ahead was up to around 64 p/th by the middle of August.
Severely depleted gas inventories in the...
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