US and UK gas price benchmarks are now hovering near parity, making it likely that, at minimum, Trinidad spot supply will stay on the west side of the Atlantic for a time, further bolstering resurgent US import totals, even as Northwest Europe continues to use LNG heavily to refill depleted storage. Last Friday, the US benchmark price was higher than the UK National Balancing Point (NBP), with Henry Hub Nymex front-month futures closing at $4.31 per million Btu, compared with $4.14/MMBtu for NBP. Nymex June gas futures closed at $4.30/MMBtu on Monday, with the comparable NBP contract at $4.36/MMBtu.
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