US natgas futures rise on cold December forecast and record LNG flows

The United States became the world’s biggest LNG producer in 2023, surpassing Australia and Qatar, as surging global prices fed demand for more exports, due in part to supply disruptions and sanctions linked to Russia’s 2022 invasion of Ukraine.

Around the world, gas traded at a 15-month low of about $10 per mmBtu at the Dutch Title Transfer Facility (TTF) benchmark in Europe, but at a three-month high near $12 at the Japan Korea Marker (JKM) benchmark in Asia.

(Reporting by Scott DiSavino in New York Editing by Nick Zieminski)