July JKM-NWE spread widens as Asian LNG pull strengthens, European injections lag

The July JKM-NWE derivatives spread widened in the last two weeks of April as prolonged risks to LNG flows via the Strait of Hormuz reinforced the pull toward Asia, while weak European storage economics continued to cap Northwest European gas prices. Platts, part of S&P Global Energy, assessed the spread at $1.940/million British thermal units at the April 30 London close, 11 cents/MMBtu higherThe July JKM-NWE derivatives spread widened in the last two weeks of April as prolonged risks to LNG flows via the Strait of Hormuz reinforced the pull toward Asia, while weak European storage economics continued to cap Northwest European gas prices. Platts, part of S&P Global Energy, assessed the spread at $1.940/million British thermal units at the April 30 London close, 11 cents/MMBtu higherRead More