# TTF, JKM Move Higher as Asia, Europe Compete for Natural Gas -- LNG Recap

> European and Asian LNG prices rose as the two regions competed for supply, with TTF above $8.00 and JKM near $9.00 per MMBtu. Cold European weather, lower pipeline imports, and storage about 25% below the five-year average supported the rally.

- Date: 2021-05-03 · published 2021-05-03T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/47272-ttf-jkm-move-higher-as-asia-europe-compete-for-natural-gas-lng-recap
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Tight European storage and competition for LNG cargoes keep global gas prices elevated, adding to nitrogen fertilizer and energy costs. The price pressure is tied to seasonal and supply factors.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/ttf-jkm-move-higher-as-asia-europe-compete-for-natural-gas-lng-recap/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.