Global Security Threats Push Natural Gas Prices Higher Despite Lax LNG Demand – LNG Recap

While LNG demand still remains mostly lax across Europe and Asia, the specter of supply volatility helped stoke global prices Monday as traders reacted to a bevy of attacks in Russia and Ukraine.

The Dutch Title Transfer Facility (TTF) continued its upward march from last week, closing above $9/MMBtu. Asian liquefied natural gas prices followed upwards as well, pushing prices further out of the affordable range for price-sensitive buyers such as India.

Analysts with trading firm Energi Danmark wrote in a recent note that cooler forecasts were adding upside pressure in some of Europe’s largest power markets, but most of the price gains seem to be connected to anxiety over violence in both Russia and Ukraine over the weekend.

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