The LNG market was again muted as the week got underway with hotter weather and restocking demand still in the offing.

In Europe, the prompt Title Transfer Facility (TTF) gained just a penny in a quiet day of trading amid labor holidays across the continent. The June contract gave up 4% last week to finish a fourth consecutive week of losses. 

Liquefied natural gas arrivals remain steady, lifted by labor strikes that ended at French import terminals late last month, where sendout returned to normal levels. Ahead of the holiday, European regulators assessed LNG prices on Friday at a roughly $2 discount to TTF. Steady Norwegian and Russian pipeline imports have also shored up supplies.

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