Dutch TTF gas a growing influence on JKM LNG pricing as spread narrows

摘要

Weakness in the Platts JKM market this year and its decorrelation withBrent has prompted LNG sellers to start using the Dutch gas hub TTFprice as a floor for the market, an S&P Global Platts analysis found.The JKM has traditionally followed LNG long-term contracts, themajority of which are linked to crude oil prices.But Asian LNG prices have been falling since last winter due tostrong supply and muted demand, leading the Platts JKM spot price tofall close to the TTF price. Meanwhile, Dated Brent prices haveremained robust, creating a significant disparity with JKM.