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(Bloomberg) North Asian liquefied natural gas prices fell to the lowest in nearly seven months as an outlook for milder weather and high inventories reduced the need to buy more fuel for winter. Spot rates dropped to about $9.80 per million British thermal units on Tuesday, the lowest since mid-June, according to traders. Supply is ample, with exporters from Angola to Papua New Guinea offering to sell shipments this week, they said. Prices of the heating and power plant fuel have almost halved since mid-October, providing relief for households and businesses that were hit by higher bills after Russia’s invasion of Ukraine in early 2022 sparked a global energy crisis. European gas futures have also dropped as a spell of frigid weather is expected to be over by next week. High gas inventories across North Asia, home to the biggest LNG buyers, also means there’s no immediate pressure to procure additional fuel. Temperatures are forecast to be above seasonal norms in China and the Ko ....
Minor liquefaction outages fail to halt dip in gas prices tanksterminals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tanksterminals.com Daily Mail and Mail on Sunday newspapers.
Japan Gas Storage Rebounds Amid Record November Heat in Tokyo bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) China’s regulator has asked its biggest state-owned natural gas suppliers to fill up storage facilities heading into the peak winter heating season, underscoring risks to the nation’s energy security from rising geopolitical tensions. Most Read from BloombergHospital Blast Kills Hundreds as Israel, Hamas Trade BlameIsrael Latest: Biden to Visit as Oil Climbs After Hospital BlastTreasury Yields Climb as Hot Data Fuel Fed Wagers: Markets WrapWill Xi Jinping’s Gamble on Vladimir Puti ....