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West Med LNG Prices Rally Versus TTF: Platts

LNG

The LNG spread in the West Med has firmed against TTF amid increasing competition for LNG cargoes keeping discounts tight, Platts said.

  • West Med LNG prices are currently at a 16 cents/MMBtu discount to TTF, narrowest discount since the 3 cents/MMBtu discount on Aug. 14.
  • "Lots of people trying to buy for May and July... Prices are quite strong, [it is] related to the arbitrage to Asia and trying to attract cargoes to Europe [and the Med]," an LNG trader told Platts.
  • Traders see buying for LNG cargoes remaining strong. While inventories remain healthy, traders told Platts that they expect the LNG cargo market to balance and even tighten as volumes head to Asia.
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