The Dec’24 TTF rebounded in early November due to winter demand concerns, Norwegian outages, and the looming Ukraine-Russia gas transit expiration. European LNG imports rose for the first time in 10 months, while Asia’s declined. The Dec’24 JKM softened to just above $13/MMBtu on mild temperatures and secure North Asian supply. The JKM-TTF Basis fluctuated, influenced by weak Chinese demand and tight European supply.
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