Tighter slot availability, strong liquefaction utilization bolster NWE LNG-TTF basis spread

European LNG prices have seen rapid widening versus their gas equivalent, with the LNG-TTF basis spread rising 81% month over month as buyers compete for slots across the continent and North American liquefaction rates pump out spot cargoes. Platts, part of S&P Global Energy, assessed the DES Northwest European marker at $12.78/MMBtu — at a 93 cents/MMBtu discount to the March Dutch TTF gas hubEuropean LNG prices have seen rapid widening versus their gas equivalent, with the LNG-TTF basis spread rising 81% month over month as buyers compete for slots across the continent and North American liquefaction rates pump out spot cargoes. Platts, part of S&P Global Energy, assessed the DES Northwest European marker at $12.78/MMBtu — at a 93 cents/MMBtu discount to the March Dutch TTF gas hubRead More