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

  • A natural gas price rally continues overseas. European front-month prices gained for a sixth day as did contracts further down the curve, with the Title Transfer Facility trading at its highest point in over a decade. 
  • Spot prices in North Asia also gained again Thursday, assessed in the high $12/MMBtu range as global competition for LNG cargoes intensified. Smaller buyer Taiwan made a splash when state-owned CPC Corp. issued a purchase tender for 10 cargoes for August-December delivery. 
  • Prices in South America also continued climbing amid colder weather, drought and stronger demand. NGI data showed delivered ex-ship prices are above $10/MMBtu across the region.
  • The tight global market continues pushing up freight prices, said...