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Natural Gas Daily: December 30th, 2020


Natural Gas Daily: December 30th, 2020
Dec 30, 2020 10:00:pm
Summary
by: NGW
Strong demand in Asia and logistical constraints have pushed international LNG prices to highs not seen in two years, RBN Energy said in a blog post, with the key Japan-Korea Marker (JKM) reaching $11.55/mn Btu for prompt contracts on December 28.
The higher prices, RBN analyst Sheetal Nasta wrote, are a reflection of strong winter demand, especially in northern Asia, and supply constraints dating back to last summer, when US cargo cancellations kept more than 600bn ft3 out of the global LNG market.
 
UK members of parliament approved the European Union withdrawal bill, just over 24 hours before the UK s transition period ends. From January 1, the former EU member state will be trading with its nearest partners on new terms and conditions. ....

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