Asian spot liquefied natural gas (LNG) prices slipped to a near three-year low this week, as inventories in Europe remain at healthy levels and buying activity in northeast Asia was subdued due to the Lunar New Year holidays.
India s state-run GAIL (India) Ltd is selling more U.S. liquefied natural gas (LNG) in European markets and making spot purchases to avert delays due to the Red Sea crisis, head of marketing Sanjay Kumar told a press conference.
Qatar, one of the world s biggest liquefied natural gas (LNG) exporters, is delaying some shipments to Europe as conflict in the Red Sea forces longer travel times, Bloomberg News reported on Wednesday.
LNG prices are likely to remain above the average of recent years not impacted by exceptional events, but will trend down in order to re-stimulate lost demand for the fuel.