Europe has seen mild weather so far this winter. With storage levels still at more than 90% in most countries, European hub prices have fallen below levels seen in November.
Asian spot LNG prices have also shown little sign of recovery. Northeast Asian prices have averaged around $5.90/MMBtu in Q4 2019, the weakest fourth quarter levels in a decade.
A mild start to the 2019-2020 gas withdrawal season in the United States, together with the country’s rising gas production, has weighed on the Henry Hub front-month...
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