Pricing dynamics between European gas curves and North East Asian LNG prices have shifted within the last month. Until it faltered in late May, the oil price rally had supported a cross-commodity increase across coal, natural gas and LNG. Since then, Brent has come off its $80/bbl highs but spot LNG prices in North East Asia have continued to rise decisively in spite of the lower oil prices. In Europe, gas prices for the balance of summer have softened. Mel Sawaryn, lead analyst, S&P Global Platts Analytics, reports.
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