News Code : 42789

Petrotahlil-LNG spot market prices in Asia recently fell below gas prices in Europe for the first time since 2015. Weak demand and a subsequent growth in supply pulled prices lower so far this year, and removed the premium that the JKM had over other demand markets. This pushed a significant amount of LNG into the European markets, which also weighed on prices as gas is competing with other fuels in the region. Jeffrey Moore, Platts LNG Analytics Manager in Asia, explains why prices in Asia will have to maintain a position above European prices.

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