The NYMEX Henry Hub prompt-month settled up 7 cents Wednesday to $1.87/MMBtu; the contract remained below a nine-week high at $1.94/MMBtu last week. Europe’s benchmark month-ahead gas price, the Dutch TTF, settled Wednesday at $1.88/MMBtu, up just 5 cents from a record low from earlier this month. Spot LNG prices in Northeast Asia plunged to record low of $1.825/MMBtu Tuesday, where they settled again Wednesday, down nearly 66% since the start of the year. Global LNG prices aren’t likely to recover before next winter, as the supply surplus and trade uncertainty continue to weigh on the market, the International Gas Union says. Permian spot gas prices surged to a 12-week high Tuesday, settling at the basin’s benchmark Waha Hub at $1.38/MMBtu; prices remained elevated Wednesday around $1.32/MMBtu. Waha forwards prices for winter 2020-21 ended trading Tuesday at a 29-month high, with the January contract settling at $2.67/MMBtu amid […]