LONDON (ICIS) –The long Easter break heightened the market’s volatility, with European gas prices crashing at the close on 14 April, only to firm on the market’s return on 19 April, supported by lower pipeline supply due to outages.
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Asia LNG Price Spread to Europe Narrowed Last Week Amid Volatility
HOUSTON (ICIS) –Northeast Asia spot prices eased last week on potential softening of demand but rebounded mid-week, as increased crude oil prices and supply tightness drove up price discussions.
Asian LNG, European Natural Gas Prices Soften Amid Supply Returning to Market
LONDON (ICIS) –The LNG market softened with Asian LNG and European gas prices settling lower over the week. Latest tender awards in Asia saw prices in the low $30s/MMBtu.
European Natural Gas Prices Strong on Weather, Russian Supply, Moving Above Asia Spot Price
SINGAPORE (ICIS) –The ICIS TTF April ’22 price rose to $38.64/MMBtu on 30 March, 11% up day on day. This is the highest contract price since 11 March. Sharp gains were also seen on the May ’22 contract, which also rose 11% day on day, closing at $38.85/MMBtu.
Strong Fundamentals Lift Asian Spot LNG Prices
SINGAPORE (ICIS) –The ICIS TTF April ‘22 contract soared to $36.84/MMBtu on 23 March, up almost 17% day on day, with a further increase on Thursday. The May ’22 contract tracked the April ’22 contract’s gains, and continued to hold a small premium.
TTF Drops but EAX-TTF Spread Moves Closer Amid Pockets of Asian LNG Demand
LONDON (ICIS) – ICIS TTF April ‘22 prices fell from $67.21/MMBtu on 8 March to $36.20/MMBtu between 8-16 March, and the May ‘22 contract hit $33.07/MMBtu, with East Asia LNG prices slipping below their European counterpart on 10 March.