1652 GMT - A potential resumption of Russian gas flows to Europe wouldn't only impact TTG gas prices, but also Asian LNG markets, Rabobank's Joe DeLaura and Florence Schmit say. Recent strength in the Japan Korea Marker LNG benchmark in Asia doesn't properly reflect market fundamentals, but instead mirrors spikes in European TTF prices, according to the strategists. "The JKM front-month price traded between $12.30/MMBtu and $14.07/MMBtu over the last 12-day period, in close correlation with the TTF gas market." If Russian gas flows to Europe were to resume, LNG demand in the region would decrease, leading to lower LNG prices in Asia. Plus, an easing of sanctions on Russian energy exports could free up LNG that was previously destined for Asia, Rabobank says. (giulia.petroni@wsj.com)
(END) Dow Jones Newswires
March 13, 2025 12:52 ET (16:52 GMT)
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