Analysis: LNG markets eye record prices in race to replenish stocks | Reuters
Liquefied natural gas (LNG) prices face a quick return to recent record highs as cold weather approaches the Northern Hemisphere and surging power demand and depleted gas storage heightens the global energy crunch, particularly in Europe.
This year's power price shock has seen several domestic energy suppliers go out of business, while heavy industry curtailed output in energy-intensive sectors.
Consumers are paying significantly more for home heating, adding to wider inflationary pressures, with no let-up in sight for countries dependent on LNG imports such as Spain.
LNG prices lurched from record lows under $2 per mmBtu to all-time highs of $56 in the last 18 months, as markets struggle to keep pace with global economies recovering from COVID-19. Benchmark prices are around $31 currently.
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