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A monthly review of global gas benchmarks reports that TTF fell about 10% to $35/MMBtu in November, JKM dropped 14% to $28/MMBtu, and Henry Hub declined 6% to $5.4/MMBtu. Mild weather, record European LNG inflows and Freeport outages were cited, while AECO in Canada rose over 80%.
Lower global gas prices ease energy costs for fertilizer and processing, but the regional divergence shows that LNG flows and weather still drive price swings.
globallnghub.comDavid CallananDec 7, 2022Not 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.
