PIRA: Europe, Asia provide little support to spot LNG prices

PIRA: Europe, Asia provide little support to LNG spot prices

NYC-based PIRA Energy Group believes that on the pure LNG spot price side, there is little support in Europe or Asia, while on the oil-indexed contract level, oil prices have stabilized and are expected to rise in 2H, particularly as U.S. summer driving season kicks off.

In the US, weekly fundamentals for June continue to look more positive. Though Thursday’s storage report ended a three-week streak of triple-digit injections, PIRA’s balances indicate injections to be lower for the next two reports.

PIRA highlighted that the next 24 months are a period of transition in terms of how Europe balances its demand and how this changing nature of gas supply will need to be priced.

Share this article

Follow LNG World News

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >