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US LNG WEEKLY: FOB Gulf Coast cargo values rise to highest level since May 5

May 31, 2022 Comments Off

US FOB Gulf Coast cargo values rose to the highest level in almost four weeks May 31, amid tighter gas supplies in Europe and signs of buying interest in Asia. Interbasin spreads narrowed during the week of May 24-31, favoring Asia as the best netback on several days. Utilization at the seven major US liquefaction terminals was unchanged week on…