Global natural gas prices continued to normalize last week as forecasts warmed and more supplies became available. 

The Japan Korea Marker spot price fell below $9.00 to finish at $8.90/MMBtu after it shot above $30 to reach an all-time high earlier this month. Meanwhile, prompt European natural gas prices were steady, moving sideways throughout most of the week until Friday when they made strong gains on colder temperatures and lower wind power generation. The outlook was seen weakening Monday. 

“The panic hitting liquefied natural gas (LNG) markets seems to be alleviating with improving supply availability and the restart of competing fuels for power generation,” data intelligence firm Kpler said in a note to clients on Friday. “This additional supply is weakening price...