Spot LNG prices have risen to USD35/mmBtu for Jan'22, from lows of USD2/mmBtu in May 2020. Low gas prices, coupled with low oil production and associated gas production, resulted in low gas inventory across the globe. A severe winter in the US further worsened supply, resulting in spot LNG prices surging to USD32/mmBtu in Jan'21. However, as the production of associated gas rose, prices soon fell to USD10/mmBtu. However, an unusually hot summer in Europe, coupled with low supply from Russia and Norway, resulted in European gas inventory declining to 50% full,...