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

  • A global commodity rally continued Thursday. Dutch gas futures soared to an all-time record by jumping above $12/MMBtu, while spot LNG prices in North Asia were assessed near $14. In the United States, the Henry Hub prompt contract increased by 1 cent to close at $3.661 for an eighth day of gains. Brent crude also surged past $75/bbl as the Organization of the Petroleum Exporting Countries and its allies announced limited supply additions in the coming months.
  • “The market sees a very tight supply picture right now, amid low LNG import and reduced supply from Russia,” said trading firm Energi Danmark of the European natural gas market. “High demand in Asia adds to the upside, as the market fears the supply shortage will...