Global gas & LNG weekly summary: 17 Aug 2023
TTF searches for fair price amid strike uncertainty, more NCS maintenance is on the horizon with European storage now 90% full Per 16 Aug settle, as expected, we did see NE Asia catch up and increase by ~15% since last week. TTF has had price swings from the Australian strike risk but declined by ~7% week-over-week. While NE Asia has caught up in outright price, charter rates to NE Asia increased more than they did to NW Europe, and TTF still holds a netback price premium to NE Asia. Henry Hub also posted declines along the entire curve, with prompt decreasing ~13%.