Global gas & LNG weekly summary: 28 Sep 2023
TTF contango lessens as strike risks subside and oversupply heading into winter begins to take front stage again As of 27 Sep, forward prices along the Henry Hub curve declined slightly. On Wednesday, the Henry Hub October contract settled at $2.76. Australian strikes have been called off, and TTF’s contango lessened this week, with October increasing by 5% week-on-week and the rest of the curve posting declines. This narrowed the Oct/Nov spread by about 70 cents. NE Asia prices saw notable increases, with the front of the curve raising by ~9% and the winter months averaging an increase of ~6%. February is now at $17.6 when peak demand is expected.