Global gas & LNG weekly summary: 1 June 2023
Prices continue to probe lower in search of fundamental tightening TTF and NE Asia prices declined again as of 31 May, with NE Asia holding the premium through summer. NE Asia has been the premium market for the summer for two weeks now; we will watch if this holds. Nonetheless, price movements still reflect the persisting supply glut. Henry Hub June contract settled at $2.3, and the rest of the curve has softened. Notably, October is sitting at $2.5 while November is at $2.9, representing week-on-week declines of $0.20 and $0.30, respectively.