European wholesale gas prices continued their mid-autumn ascent on Monday, with front-month contracts on UK NBP and Dutch TTF gaining another 1-1.5% to settle at the equivalent of USD 5.38/MMBtu and USD 5.08/MMBtu. With CME’s November-dated JKM futures contract again unchanged at USD 5.15/MMBtu, the Asian premium over TTF was more than halved to just USD 0.07/MMBtu. However, Platts today reported that JKM is at a one-year high of USD 6.613/MMBtu.
US gas benchmark Henry Hub rose 0.8% to close at USD 2.80/MMBtu. Crude oil prices again softened marginally in Monday’s session, while the European carbon price made marginal gains.
Front-month futures and indexes at last close with day-on-day changes (click to enlarge):
Time references based on London GMT. Brent, WTI, NBP, TTF and EU CO2 data from ICE. Henry Hub, JKM and API2 data from CME. Prices in USD/MMBtu based on exchange rates at last market close. All monetary values rounded to nearest whole cent/penny. Text and graphic copyright © Gas Strategies, all rights reserved.
Subscription Benefits
Our three titles – LNG Business Review, Gas Matters and Gas Matters Today – tackle the biggest questions on global developments and major industry trends through a mixture of news, profiles and analysis.
LNG Business Review
LNG Business Review seeks to discover new truths about today’s LNG industry. It strives to widen market players’ scope of reference by actively engaging with events, offering new perspectives while challenging existing ones, and never shying away from being a platform for debate.
Gas Matters
Gas Matters digs deep into the stories of today, keeping the challenges of tomorrow in its sights. Weekly features and interviews, informed by unrivalled in-house expertise, offer a fresh perspective on events as well as thoughtful, intelligent analysis that dares to challenge the status quo.
Gas Matters Today
Gas Matters Today cuts through the bluster of online news and views to offer trustworthy, informed perspectives on major events shaping the gas and LNG industries. This daily news service provides unparalleled insight by drawing on the collective knowledge of in-house reporters, specialist contributors and extensive archive to go beyond the headlines, making it essential reading for gas industry professionals.