Natural gas prices across the world jumped again Monday as fundamentals remain unchanged and the global market braces for energy shortages this winter. 

In Europe, prices bounced back from a technical correction on Friday, a day after Dutch and British futures settled well above $33/MMBtu and set new records. The Title Transfer Facility (TTF) finished near that level Monday, while the National Balancing Point finished just shy of last week’s record. 

The European market ignored a 22% jump in liquefied natural gas (LNG) deliveries last week, according to Schneider Electric, while another 14 cargoes expected to arrive on the continent this week didn’t sway prices either. European natural gas storage inventories are at about 75% of capacity, the lowest they’ve been at this...