Wednesday 23 June 2021

European gas prices hit decade highs

 



NBP is at 75p/therm (~33% increase YTD)


TTF is at €30.4/MWh (~65% increase YTD)


Despite the sharp rise in European gas prices and arbitrage opportunity for US LNG into Europe, LNG cargoes are being pulled to Asia where prices remain elevated and fetching premiums.

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