Gas prices in Asia have again become premium
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According to the results of May, stable premiums to the price of gas in relation to the EU market were established in Asia, which fluctuated in the range from $10 to $80 per 1,000 cubic meters. m. In early June, this trend intensified: the premium reached $90 per 1,000 cubic meters. m, according to the calculations of Vedomosti based on data from the TTF hub in the Netherlands and the gas price index in Asia Platts.
The cost of gas in the Asian market began to outpace prices in Europe in early May, after fuel continued to fall in price in the EU. According to Vedomosti, on May 10, 2023, gas in the European market, according to the ICE exchange, for the first time since July 2021, cost less than $400 per 1,000 cubic meters. m. On May 18, quotes fell below $350, and on May 25 – below $300 for the first time since January 2021. At the end of December 2022, 1000 cubic meters. m on TTF was sold for $800.
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