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LNG
High LNG imports into Europe as global gas market prices set record highs
- Both TTF and JKM front month contracts set new highs yesterday with TTF at 242.225€/MWh and JKM at 57.6$/mmbtu. The spread is still showing TTF about 14$/mmbtu higher. TTF is trading above JKM for most of the forward curve and especially out to Win24.
- The US netback to Europe and Asia have both increased to 61.34$/mmbtu and 46.27$/mmbtu after a pull back in US Natgas from a peak on Wednesday.
- Net LNG imports into Europe are back up near 200mcm/d in recent days having dipped slightly late last week.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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