Global gas & LNG weekly summary: 27 July 2023
Prices increase but bearish sentiment still lingers as European storage sits above 5-year highs TTF and NE Asia gained some strength on the curve since last week. NE Asia holds the premium in the front of the curve. The premium narrowed some for the winter months, though TTF remains in the lead. Despite the relative strengthening week-over-week, the strong Oct-Dec contango remains. Henry Hub also inched up along the curve, especially with the winter premium starting to come into view. Henry Hub August settled at $2.49 on 27 July.