Global natural gas prices remain strong coming off a week shortened by Christmas and heading into another with limited trading activity as the New Year holiday nears.

The Dutch Title Transfer Facility (TTF) contract for February delivery finished the short week on Thursday at $6.321/MMBtu, while the UK’s National Balancing Point finished at $7.015 and the Japan Korea Marker prompt month contract kept climbing to finish at $11.000. 

TTF traded near two-year highs after the Christmas holiday on colder weather and optimism over a Christmas Eve Brexit deal in which terms were finally reached over trade and other issues for the UK to leave the European Union (EU). European prices climbed higher Monday. In North Asia, spot prices for February delivery remain above $13.00 as bids...