NWE LNG swings to premium over TTF as markets rally on Middle East conflict

The NWE-TTF spread flipped to a premium March 2, as the Middle East conflict disrupted LNG supply through the Strait of Hormuz. Platts assessed the DES Northwest European marker for April at $15.479/MMBtu on March 2, a premium of $0.50/MMBtu to the April TTF hub price. NWE-TTF last moved into the positive zone on June 29, 2024. The spread was assessed at 0.5 cents/MMBtu on the day amid a weakenedThe NWE-TTF spread flipped to a premium March 2, as the Middle East conflict disrupted LNG supply through the Strait of Hormuz. Platts assessed the DES Northwest European marker for April at $15.479/MMBtu on March 2, a premium of $0.50/MMBtu to the April TTF hub price. NWE-TTF last moved into the positive zone on June 29, 2024. The spread was assessed at 0.5 cents/MMBtu on the day amid a weakenedRead More