A roundup of news and commentary from NGI’s LNG Insight

  • European carbon prices hit record highs this week. The allowances purchased by the power and manufacturing sectors for emissions closed at 69.32 euros/metric ton ($78.25) on Friday. 
  • Stronger gas prices, colder weather and rules for an international carbon market reached at COP26 have all prompted the rally. A regulatory report that found no evidence of abuse or an outsized role for speculative investors on the European Union’s carbon market also lifted prices on Friday. 
  • Higher carbon prices boost demand for natural gas as it makes the fuel more attractive than burning coal.
  • China is now the top importer of U.S. LNG as 117 American cargoes have arrived in the country, Bloomberg reported Thursday. Strong demand in Asia...