Prices for LNG remained stable due to worries that the global fuel market will become more competitive after Russia stops supplying one European user.
About the weekend, natural gas supplies to Italy were apparently stopped by Russia’s state-run Gazprom GPSC due to a disagreement over Austrian rules.
According to merchants quoted by Bloomberg news agency, Europe and Asia are competing for liquefied natural gas exports, and any drop in Russian supply might prompt a rush to hoard fuel worldwide.
According to traders, several Asian consumers were asking about winter supplies, possibly in response to a lack of assurance regarding Russian supply.
Liquefied natural gas spot prices for North Asia are expected to be in a wide range, from $50 per million BTUs to as high as $ 30 per million BTUs, they noted.
Natural gas prices in Asia remaining stable despite the ambiguity surrounding Russian imports
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