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LNG Delivery remains strong

Close price: Prices closed slightly lower Friday, helped by a strong wave on LNG deliveries. LNG prices have also lowered in response to widespread Chinese lockdowns, who are still adamant on their zero cases of coronavirus policy. As a result, energy demand is expected to drop, resulting in less competition for LNG from Asian markets.

Opening price: Prices started off 9% down. Bounced back, to then drop to around 5% down currently in a volatile week opening. Temperatures are set to be well above normal from tomorrow into the week-ahead.