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Brazilian LNG prices rally, hit narrowest ever discount to TTF

March 19, 2024 Comments Off

LNG prices in Brazil rallied in line with strength seen across the Northwest European markets to reach a record high against the Dutch TTF gas price. Platts, part of S&P Global Commodity Insights, assessed DES Brazil LNG for delivery 15-45 days forward at $8.895/MMBtu March 18, hitting parity to the Northwest European LNG marker. The price was also a 24.5…