Germany, U S Reach Compromise on NS2, but European NatGas Supply Uncertainty Remains naturalgasintel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasintel.com Daily Mail and Mail on Sunday newspapers.
Snow and bitter cold from Europe to North Asia, which has pushed liquefied natural gas (LNG) and electricity prices to record-setting highs, hasn’t eased as the rally stretches into another week.
Winter weather has combined with supply outages and shipping constraints in recent weeks to create a historic stretch for the global gas market. Temperatures in China hit their lowest in decades, while snow has plagued Japan, where electricity prices skyrocketed.
Spot LNG prices in Asia hit $21.45/MMBtu on Friday, up from lows of less than $3.00 only nine months ago. On Monday, Asian prices were assessed above $28.00, and one bid from