Global LNG Hub

Global Gas Prices Diverge as Asian LNG Strengthens While European and US Benchmarks Ease

Last week global gas markets split, with Asian spot LNG rallying to the low‑$11/MMBtu range while European TTF and US Henry Hub prices eased. In Northeast Asia, the JKM benchmark rebounded after a brief dip, driven by renewed buying from Japan, South Korea, Taiwan and Thailand, and cargo diversions from West Africa and Australia. European TTF slipped to $11/MMBtu as milder weather, higher LNG supply and easing geopolitical tension offset a mid‑week cold snap. In the United States, Henry Hub fell to $3/MMBtu amid mild forecasts and abundant supply, briefly touching the $2/MMBtu level.