European gas spreads renormalize as LNG arbitrage to Asia shuts

Spreads across European natural gas markets against the Dutch TTF were reverting to pre-war levels in the week ended March 13, as the market normalized following a narrowing Northeast Asian JKM premium to the Dutch TTF. The Platts JKM April product was assessed at a $1.6/million British thermal units premium to the TTF at the March 13 Asia close. That compares with a premium of $3.6/MMBtu on MarchSpreads across European natural gas markets against the Dutch TTF were reverting to pre-war levels in the week ended March 13, as the market normalized following a narrowing Northeast Asian JKM premium to the Dutch TTF. The Platts JKM April product was assessed at a $1.6/million British thermal units premium to the TTF at the March 13 Asia close. That compares with a premium of $3.6/MMBtu on MarchRead More