Warm weather across the Northern Hemisphere continues to drag down global natural gas prices as demand remains weak and supplies are healthy. 

Title Transfer Facility (TTF) and Japan-Korea Marker (JKM) futures have fallen by over 30% since the start of winter. 

“The key drivers behind falling prices have been a mild winter, ongoing demand weakness and a decline in coal and carbon prices, which set power sector switching range levels,” UK consultancy Timera Energy said on Monday.

[Inside the Political Firestorm: NGI sits down with Neil Chatterjee, a former FERC chairman and commissioner, to discuss the impacts of President Biden’s LNG pause on authorizing new liquefied natural gas export projects in the U.S. Tune into NGI’s Hub & Flow podcast now.]

Temperatures across...