JKM-NWE spread reaches 1-year low on weak Asian LNG demand

The JKM-NWE spread fell to 16.3 cents/MMBtu Oct. 1, the lowest level since Oct. 12, 2023, amid weak Asian LNG demand and worries over potential tight constraints in Europe during winter. While the narrowed JKM-NWE spread was partly due to European LNG prices strengthening during London hours Oct. 1, driven by escalating Middle East tensions, a negative East-West arbitrage window…The JKM-NWE spread fell to 16.3 cents/MMBtu Oct. 1, the lowest level since Oct. 12, 2023, amid weak Asian LNG demand and worries over potential tight constraints in Europe during winter. While the narrowed JKM-NWE spread was partly due to European LNG prices strengthening during London hours Oct. 1, driven by escalating Middle East tensions, a negative East-West arbitrage window…Read More