GLOBAL-LNG-Asian spot LNG prices remain at 6-month low as Trump tariffs pull markets down
The average LNG price for May delivery into north-east
"The risk of a global trade war and economic slowdown is
pulling down global stock markets and fears of slower growth
will impact energy prices too," said
Countries around the world threatened to retaliate against Trump's sweeping tariffs.
"This is obviously not the best environment to get
confronted by unseen import tariffs up to 34% for
"The widely shared opinion is that this will harm global trade and industrial production, reducing the demand for LNG even further," he said.
Earlier tariffs have already had an impact on U.S. LNG flows
to
In
"Hedge funds with exposure to both commodities and equities
sold gas heavily on Thursday to de-risk their portfolios, with
oil and equities also falling," said
"Stop losses also kicked in when the TTF (Dutch title transfer facility) fell below certain price thresholds, exacerbating losses," he added.
An indirect effect of the tariffs was a weakening of the
dollar against other currencies, meaning U.S. LNG cargoes are
quickly becoming cheaper compared to other origins, increasing
the incentive for
S&P Global Commodity Insights assessed its daily North West
Europe LNG Marker (NWM) price benchmark for cargoes delivered in
May on an ex-ship (DES) basis at
Argus assessed the price for May delivery at
The U.S. arbitrage to north-east
In the LNG freight market, Atlantic rates dropped for the
second week to
(Reporting by
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