Jun. 13 at 4:49 PM
$VG Asia spot LNG at 11-week high as Middle East tensions and hot weather drive demand
In Europe, gas prices at the Dutch TTF hub were around €47 per megawatt hour on hopes of a potential U.S.-Iran deal.
“European gas fundamentals remain fragile, with risks skewed to the upside. Global LNG exports are down year-on-year in June, while Asian LNG imports continue to rise, potentially increasing cross-basin competition for cargoes in Q4 or even earlier if summer risks materialise,” said Yahdian Falah, portfolio strategist at German-based energy trading company Trianel.
European gas stocks are at unusually low levels of around 43%. The slow pace of stockpiling is primarily linked to market expectations that, should the Strait of Hormuz be reopened, much more LNG will become available and prices for the coming months will fall slightly, said Hans Van Cleef, head of energy research at Eqolibrium.
https://boereport.com/2026/06/12/asia-spot-lng-at-11-week-high-as-middle-east-tensions-and-hot-weather-drive-demand/
