A mild start to the winter and high volumes of gas in stock have weighed on LNG demand and spot prices in Northeast Asia. Prices for December delivery have fallen to around $10.4/MMBtu. Prices are expected to rise but gains are likely to be moderate. GGA forecasts spot LNG prices will average around $11.2/MMBtu in Q1.
European hub prices have eased at the start of winter because of weak power sector offtake and limited weather-related demand. The NBP month-ahead was around 67 p/th in mid-November and...
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