Despite the falling TTF price the JKM discount has maintained between -5$/mmbtu and -13$/mmbtu throughout September so far. The spreads should favour strong LNG imports into Europe.
LNG imports into NW Europe have recovered back to near 200mcm/d after a dip down to 170mcm/d with outages reducing terminal capacity. The Zeebrugge LNG was shutdown until Sep 17 and Montoir has reduced capacity until Sep 30.
JKM spot prices were steady today around 40$/mmbtu while the front month is lower at 40.7$/mmbtu.
US netbacks are still firmly in favour of flows to Europe over Asia throughout the coming winter months.
- TTF OCT 22 up 1% at 184€/MWh
- JKM Oct 22 down -3.4% at 40.74$/mmbtu
- JKM-TTF Oct 22 down -3.6$/mmbtu at -12.94$/mmbtu

Bullet Energy Bullets Homepage Commodities

David Lee

Bullet Energy Bullets Homepage Commodities

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JKM Maintains Discount to TTF