Gulf Times: Asia LNG Prices Set to Rise as Premium at 2-year Low

“The current Asian premium isn’t high enough to attract LNG cargoes from Nigeria and Trinidad, the biggest suppliers of spot shipments behind Qatar, away from Europe, according to data from Poten & Partners Inc, a New York-based consultant. “…That compares with $12.90 in southwest Europe, where colder-than-usual weather has kept prices near the January 28 level of $14.70, the highest in at least two years. It cost $1.94 a million Btu more to ship Nigerian LNG to South Korea than to Spain in February with a comparable figure for Trinidadian LNG of $2.75, Poten & Partners data show.”