19/05/2026 – LNG Asia: further unplanned supply cuts and the onset of hot weather are driving prices up. Competition with Europe is intensifying – Read more news

GAS & POWER: Yesterday’s session was decidedly volatile, with gas prices hitting their highest level since early April at €52.50/MWh on the TTF front-month contract, before facing a wave of selling in the middle of the day following rumours of a possible easing of US sanctions against Tehran to encourage dialogue. Prices subsequently recovered ground and closed around €50/MWh, where they are finding firm support again this morning. Overnight, President Trump announced that he had postponed the resumption of military operations, initially scheduled for today, until a later date.

The spread is widening, with Asian markets trading at a premium to Europe in recent sessions, signalling a slowdown in LNG carrier arrivals to the continent over the coming months. The arrival of the first heatwaves in the region, coupled with possible unscheduled maintenance at the Malaysian plant in Bintulu – which appears to be experiencing issues with two of its nine liquefaction trains – has added to the supportive dynamics already present in the region.