Spot LNG prices in Asia have jumped in recent days amid fears that an Israeli response to Iran's attack could escalate into a regional conflict.
Spot LNG prices in Asia jumped to the highest level since the beginning of January amid concerns that the conflict in the Middle East could further escalate.
Early on Wednesday, the front-month Dutch TTF futures, the benchmark for Europe’s gas trading, advanced by another 1.6% to the highest level so far this year. While a mild winter and full gas storage helped Europe through a second consecutive winter without most of the Russian pipeline gas it had previously received, the potential of a widening conflict that could obstruct LNG flows is keeping the European and Asian gas markets on edge.
Natural Gas Natural Gas Prices Middle East Conflict Asia
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