Daily Energy Report
TTF/JKM Gas price differentials, Saudi crude exports, Asian buyers of US LNG, EU gas storage, Pemex watery oil, China surpluses, Bloomberg undermines Bloomberg, BP’s “new beginning,” and more.
February 11, 2025
Chart of the Day
EOA: Large Gas Price Differentials Is Leading to LNG Carrier Diversion to Europe
Summary
Figure (1) plots TTF gas prices in Europe and JKM gas prices in Asia. Generally, gas prices have been increasing for a year. Prices in Asia were higher than in Europe, but that flipped in the last two months. The difference remains high enough for LNG carriers to divert to Europe.