Asia-Europe LNG spread at widest level in almost two years: S&P Global
The Asia-Europe liquefied natural gas (LNG) spread has hit its widest level in about two years, data from S&P Global Commodity Insights showed, as congestion at Panama makes sending U.S. LNG to Asia via alternative routes a bit more expensive than normal.
The spread between the Japan Korea Market (JKM), widely used as an Asian LNG benchmark, and the Title Transfer Facility (TTF), the European gas benchmark, was assessed by S&P at $2.79 per million British thermal units (mmBtu) on Dec. 6, its widest since Dec. 31, 2021.
Spreads reflects the market-making differential between buyers and sellers of a commodity. Narrow spreads are a sign of market liquidity.
