European gas hub prices have exceeded the price of liquefied natural gas (LNG) on the Asian spot market in a rare occurrence that rules out arbitrage of LNG cargoes between the Atlantic and Pacific basins.
Dutch and British month-ahead gas prices exceeded Asian spot LNG in April for the first time in four years. Asian LNG prices tend to be higher due to the huge demand there with few alternative supplies.
Month-ahead Dutch gas was at $4.576 per million British thermal units (mmBtu), British month-ahead was $4.735 per mmBtu while Asian spot LNG for August delivery was heard at $4.4 per mmBtu . Read more
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