AGT Jan-22, Feb-22 contracts at record highs near $30 European gas surges on cold weather, supply constraints Everett LNG terminal imports single cargo winter to date Winter-season gas prices at Boston’s Algonquin city-gates are up sharply over the past several trading sessions as the forwards market reacts to a recent surge in gas and LNG import prices in Europe.
On Dec. 20, Algonquin’s January and February gas contracts settled at their highest yet this season, reaching $29.63 and $27.89/MMBtu, respectively, S&P Global Platts’ most recent M2MS data showed. Surging prices in New England’s gas market, which has historically relied on LNG imports during the peak-winter heating season, comes as onshore gas and LNG import prices in Europe hit record highs. At Europe’s benchmark Dutch TTF hub, gas prices topped $59/MMBtu in Dec. 21 trading, […]