Asia LNG spot prices gain on colder Europe weather, Russian strikes

In Europe, SP Global Commodity Insights assessed its daily Northwest Europe LNG Marker price benchmark for cargoes delivered in November on an ex-ship basis at $10.327/mmBtu on October 9, a $0.63/mmBtu discount to the November price at the Dutch TTF hub.

Argus assessed the price at $10.36/mmBtu, while Spark Commodities assessed it at $10.330/mmBtu.

Due to the colder weather and the recent Russia-Ukraine escalation, which knocked out around 30 per cent of Ukrainian gas production, withdrawals from European gas infrastructure have started in October, said Aly Blakeway, manager of Atlantic LNG at SP Global Commodity Insights.