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European LNG at Narrowest Discount to TTF Since October: Platts

LNG

LNG price discounts in NWE to pipeline TTF have reduced to multi-month narrow levels amid stronger trading across the region, according to Platts.

  • NWE LNG – TTF differentials were minus 23.5 cents/MMBtu March 18, while East Med – TTF was minus 3.5 cents/MMBtu and West Med was minus28.5 cents/MMBtu.
  • There are the narrowest levels since October 3, according to Platts.
  • Traders said that the spreads between LNG and pipeline gas had been “stickier”, with trades ranging between a 20-30 cents/MMBtu discount during the past week.
  • Sources told Platts that they expected discounts to widen as injection season begins and pipeline prices receive upside support.
Energy BulletsCommodities
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