Spot LNG prices in Northeast Asia have come under pressure from weak demand, healthy stocks and strong supply. With temperatures forecast to be moderate in the region in January, demand-side support for prices is likely to remain limited. GGA forecasts spot LNG prices will average just $9.2/MMBtu in Q1.
European hub prices have fallen further in recent weeks, with the NBP month-ahead down to 66-68 p/th by mid-December. Average to above-average temperatures in the latter part of December and January look likely to curb seasonal consumption....
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