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European LNG demand is "very strong," with an increase in the price discount of goods.
Jin10 reported on April 3 that due to intensified competition among ports to accommodate extra cargo, the cost of shipping a batch of liquefied natural gas to Europe has been decreasing. Data from Spark Commodities Pte Ltd. shows that in recent weeks, the delivery prices for liquefied natural gas in Northwest Europe have widened their discount relative to the European benchmark Dutch TTF gas. The data indicates that last week's price spread reached -71.5 cents. Vessel tracking data shows that imports in Western Europe in March reached the highest level since 2017, as Europe prepares to replenish depleted stocks during the summer.