LNG WRAP: Asian Prices to Rise After Russia-Ukraine Transit Ends
- Europe’s natural gas benchmark gained more than 50% last year
- RPGCL seeking cargoes for January and February to Bangladesh
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The end of Russian natural gas flows to Europe via Ukraine is likely to boost competition with Asia and prices for alternatives.
Ukraine hopes increased supply of gas from the US and other producers to Europe will make prices more comfortable, President Volodymyr Zelenskiy said in a Telegram post on Wednesday. Russia’s invasion of its neighbor in February 2022 sparked an energy crisis in Europe that led to a jump in regional benchmarks and international liquefied natural gas prices.