The Northeast Asian assessed spot LNG price JKM for the previous week (2 May-6 May) rose slightly to USD 23/MBtu from USD 22/MBtu the previous week.
Northeast Asian demand was subdued, partly due to holidays in China and Japan.
The European gas price TTF rose to USD 32.6/MBtu on 5 May from USD 30.4/MBtu the previous week due to lower-than-average wind power generation in the UK and continued uncertainty over access to Russian gas pipeline supplies, but easing supply concerns in Poland, above-normal temperature forecasts in the UK, and higher gas inventories in Europe caused the price to drop to USD 28.8/MBtu on 6 May.
The U.S. gas price HH rose to USD 8.0/MBtu from USD 7.2/MBtu at the end of the previous week on signs of strong summer demand, despite growing concerns about domestic and international supplies.
(Updated 9 May, 2022)
Source: JOGMEC
