LNG continues to flood Europe, pushing the Title Transfer Facility (TTF) to a three-month low in intraday trading on Monday when the prompt month contract again finished lower. 

Fundamentals on the continent are comfortable for the moment, with storage inventories nearly 91% full and above the five-year average. Warmer weather is also expected to continue gripping the region over the next two weeks. 

Suppliers continue to offer spot cargoes in Asia as well, where the Japan-Korea Marker (JKM) has been weak. JKM futures prices fell along with TTF last week and spot prices were in the high $20/MMBtu range Monday, despite a force majeure on supplies from the Malaysia liquefied natural gas terminal that could cut three cargoes monthly. 

Weakness in the Asian market has also helped...