Highlights The jump beats the December increase on a percentage basis Discussions over additional US supplies accelerate The Northwest Europe delivered LNG price surged 29% Feb. 24, posting it’s the biggest one-day increase on a percentage basis since S&P Global Platts launched the assessment in 2010. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The run-up was largely a response to Russia’s invasion of Ukraine that could reduce Europe’s access to supplies of pipeline gas amid already tight mid-winter inventories. Platts assessed DES NWE at $36.823/MMBtu Feb. 24, up 29% from Feb. 23, beating the gain on a percentage basis on Dec. 21 when NWE was assessed at a record outright price of $58.638/MMBtu. “It’s certainly driving the offtakers to think of longer term, more stable pricing, and US LNG, because of the stability in the pricing and the destination flexibility,” Commonwealth LNG […]