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European natural gas prices climbed over the past two weeks because of outages and maintenance at Norwegian processing plants, with the TTF front-month contract trading at about 38.57 euros per MWh. Rystad Energy says the European price rise is now lifting Asian spot LNG prices.
Warmer weather ahead is expected to lift demand further.
European price strength pulls LNG cargoes toward Europe and raises Asian spot LNG costs. Higher global LNG prices support gas-linked energy prices across markets.
oilprice.comTsvetana ParaskovaJun 21, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
