Mumbai, April 29 -- The US Energy Information Administration or EIA has stated in a latest update yesterday that futures prices for liquified natural gas (LNG) delivery to the Title Transfer Facility (TTF), the European benchmark price, increased to $14.80 per million British thermal units (MMBtu) for the week ending April 24, 35% higher than before the closure. In East Asia, the front-month futures price for the benchmark Japan-Korea Marker (JKM), rose 51% over the same period to $16.02/MMBtu. In contrast, natural gas prices at the U.S. benchmark Henry Hub have decreased 9% since February 28 due to limited opportunities for increasing LNG exports in the near term and ample domestic seasonal natural gas storage and supply. The closure of th...
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