Disconnect between Henry Hub and NBP demonstrates lack of liquidity
UK LNG imports will increase substantially this year – in the first five months of the year they were up some 300% compared with the same period in 2009. But prices have also been increasing, with a widening gap opening up between UK and US prices between April and July. The fact that LNG was not diverted from the US in sufficient quantity to close this gap reflects the continuing patchy liquidity of the LNG markets.
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