European gas, LNG flips to premium over JKM on supply shortage risks

Northwest European LNG prices flipped to premium territory versus Northeast Asian benchmarks for the first time this year as European worries over supply shortages bolster sentiment. Platts, part of S&P Global Commodity Insights, assessed the JKM — the benchmark price reflecting LNG delivered to Northeast Asia — for December at $13.821/MMBtu on Nov. 14, up 31.4 cents/MMBtu or 2.3% day…Northwest European LNG prices flipped to premium territory versus Northeast Asian benchmarks for the first time this year as European worries over supply shortages bolster sentiment. Platts, part of S&P Global Commodity Insights, assessed the JKM — the benchmark price reflecting LNG delivered to Northeast Asia — for December at $13.821/MMBtu on Nov. 14, up 31.4 cents/MMBtu or 2.3% day…Read More