Europe paying over $16/MMBtu for U.S. LNG

[dan_s]

"The TTF, the European benchmark for gas prices, had strong gains in January with a 12.5% increase, reaching $16.20 per MMBtu by month-end. TTF price gains were driven by the halt of Gazprom supplies through Ukraine after the expiry of the 5-Year transit deal between Russia and Ukraine and cold weather conditions. As a result, gas inventories declined at the highest pace seen in recent years. Gas stockpile levels dropped to 53.59% of capacity by January 1, compared to 70.17% in 2023 and 72.10% in 2022." - Anas Alhajji 2-10-2025

TTF = $16.60 this morning.