Global gas & LNG weekly summary: 4 May 2023
Global gas prices soften as markets appear somewhat looser than last week Prices this week displayed some weakening. As of 3 May settles, TTF posted declines, with summer months dropping by ~6% on average and winter months by ~3%. NE Asia prices deepened further in contango. Henry Hub is relatively unchanged at $2.2 with a slight softening along the curve. Injections continue globally while LNG on-the-water remains relatively flat this week.