31 October 2019
European gas for November and December delivery lost a major pillar of support after dropping by 19% and 10% respectively in response to mild weather forecasts, full storage, rising shipping rates and collapsing Asian spot prices.
November gas at the Netherlands Title Transfer Facility (TTF) fell 19% to $4.35/MMBtu and December hit $5.20/MMBtu. Weakness in Europe accelerated the slide in Asian spot LNG prices, which, having risen to a high of $7/MMBtu in mid-October, fell to high-$5s to low low-$6s for December delivery cargoes.
Please fill out the form below to access the full article.