LNG Recap: Natural Gas Price Rally Continues Amid Tight Market
Global natural gas prices again moved higher last week as forecasts trended colder, and supply disruptions and a tight shipping market continued.
Spot prices in North Asia moved above $11.00/MMBtu last week, hitting a new two-year high. One bid for a January cargo was reportedly placed for more than $12.00 as the week got underway. Meanwhile, European natural gas prices moved upward for the third week in a row and front month Henry Hub finished higher on Friday after a volatile week as forecasts show chillier weather on the way in the United States. European and U.S. benchmarks also posted gains on Monday.