But the Japan-Korea Marker February contract finished above $40/MMBtu on Monday, while the prompt Title Transfer Facility contract in Northwest Europe dipped below $36 and inverted the spread.
21 as temperatures were plunging, pipeline imports from Russia dropped and nuclear plant outages in France amplified concerns over natural gas supplies.
In Japan, among the world’s biggest LNG buyers, there were 2.42 million tons of the super-chilled fuel in storage for power utilities, according to the Ministry of Economy, Trade and Industry.
Ramesh said logistical constraints could reemerge in the Panama Canal if temperatures drop in Asia next month.
In the United States, strong demand for LNG exports has kept feed gas deliveries to terminals in Maryland and along the Gulf Coast stable at or above 13 Bcf/d.
Under the MOU, NFE would deploy its Fast LNG technology, which is being developed to utilize jackup oil rigs fitted with small-scale modular liquefaction trains.
Despite some gains on the West Coast amid a series of winter storms, NGI’s Weekly Spot Gas National Avg.