Weekly trend of natural gas and LNG prices

The Northeast Asian assessed spot LNG price JKM for the previous week (18 April-22 April) fell to 26 USD/MBtu from 29 USD/MBtu the previous week.

LNG demand in Northeast Asia remained subdued while buying interest was seen in South Asia.

The European gas price TTF declined to 29’s USD/MBtu from 30.5 USD/MBtu the previous week, but rebounded to 32.9 USD/MBtu on 21 April on reports of below-average wind power generation in the UK and other factors before settling at 29.7 USD/MBtu on 22 April.

According to AGSI, natural gas storage in Europe on 22 April was 30.7%, up 1.2 points from the previous year.

The U.S. gas price HH remained on an upward trend from the previous week, maintaining 7’s USD/MBtu due to below normal temperatures, strong LNG demand, and other factors, but settled at 6.5 USD/MBtu on 22 April.

(Updated 25 April, 2022)

Source: JOGMEC