East Med LNG loses historic premium on dwindling demand

The East Mediterranean LNG market is at parity with Northwest Europe for April contracts as weaker shipping rates and dwindling demand pull down prices in what is typically the premium market. Platts, part of S&P Global Energy, assessed the East Mediterranean LNG marker for April at $9.425/MMBtu on Feb. 24, level with DES NWE marker. Historically, the Platts EMM has always priced at a premium toThe East Mediterranean LNG market is at parity with Northwest Europe for April contracts as weaker shipping rates and dwindling demand pull down prices in what is typically the premium market. Platts, part of S&P Global Energy, assessed the East Mediterranean LNG marker for April at $9.425/MMBtu on Feb. 24, level with DES NWE marker. Historically, the Platts EMM has always priced at a premium toRead More