East Med LNG prices weaken against Europe on demand dearth, shipping length

East Mediterranean LNG prices have sunk lower against European gas and LNG weak demand in the prompt coupled with weaker shipping market helped to dampen premiums, sources said. Platts, part of S&P Global Commodity Insights, assessed the DES East Mediterranean marker for December at $13.728/MMBtu on Oct. 25, up 38.2 cents/MMBtu. This was a 13 cents/MMBtu discount against the Dutch…East Mediterranean LNG prices have sunk lower against European gas and LNG weak demand in the prompt coupled with weaker shipping market helped to dampen premiums, sources said. Platts, part of S&P Global Commodity Insights, assessed the DES East Mediterranean marker for December at $13.728/MMBtu on Oct. 25, up 38.2 cents/MMBtu. This was a 13 cents/MMBtu discount against the Dutch…Read More