LONDON : Asian liquefied natural gas prices inched lower this week on concerns over the potential impact of a new coronavirus variant, but were still supported by higher heating demand and tight shipping availability.
"Prices should continue to head higher in the medium term, but the news about a variant could potentially cause some damage," a Europe-based trader said. "In Europe, concerns over the implementation of Nord Stream 2 continue to drive the agenda and demand is ramping up again in Asia," he added. An earlier-than-expected freeze along the Northern Sea Route in Russia may affect the passage of Yamal LNG carriers to Asia.
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