Page 13 - GLNG Week 26 2022
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GLNG EUROPE GLNG
Mild respite for the US
Henry Hub prices fell to $6.15 per mmBtu as
output increases and demand is expected to than a year ago and are 13.2% lower than the
taper in the coming weeks. five-year average.
Following a sweeping heat wave, tempera-
tures in the west and north-east are expected to Asia returns to the back seat for now
come back down to near-normal levels, for now, LNG prices in Asia continue to track the Euro-
reducing the demand for gas for cooling. pean market, with inter-basin flows from the
Prices are also slipping due to the Freeport Atlantic to the Pacific now unfeasible due to the
LNG outage and decreased LNG shipments to premium that the TTF has over Asia-delivered
Europe, which is allowing domestic utilities to prices.
boost gas storage ahead of the winter months. LNG supplies continue to remain healthy in
This is good news for US consumers, but bad Northeast Asia, giving market players some lee-
news for European importers who are already way to evaluate their options on how to handle
struggling for supply. high LNG prices amidst forecasts projecting a
Current US storage levels are 12.3% lower hot summer.
Week 26 01•July•2022 www. NEWSBASE .com P13
