Editor’s Note: This content is provided courtesy of Independent Commodity Intelligence Services (ICIS). Visit natgasintel.com/icis for more information.

LONDON (ICIS) – ICIS TTF April ‘22 prices fell from $67.21/MMBtu on 8 March to $36.20/MMBtu between 8-16 March, and the May ‘22 contract hit $33.07/MMBtu, with East Asia LNG prices slipping below their European counterpart on 10 March.

The spread between East Asia and TTF prices dropped to $2.70/MMBtu early on 17 March. Consistent gas flows from Russia as well as milder weather conditions in some parts of Europe contributed to lower prices.

Vessels are increasingly positioned towards Europe, although the end of the week could indicate some revived interest from the Pacific after Thailand’s PTT issued a tender.

It...