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Trade War Weighs on Global Natural Gas Prices as Market Grapples With Uncertainty – LNG Recap

Natural Gas Intelligence · last updated

Global natural gas prices were mixed on Monday as the market continues to weigh the effects of an expanding trade war and how it could impact energy consumption across the world.

Image showing a comprehensive market analysis of the European Union’s gas storage levels with graphs representing trends in inventories, highlighting key insights into energy market dynamics and gas data projections for the near future.

President Trump’s plans announced last week to impose a 10% tariff on all U.S. imports and levy far higher rates on some nations continued to roil financial markets on Monday. The president threatened even higher rates against China Monday for its own countermeasures. Other nations, like those in the European Union, are expected to respond this week as well.

The prompt Title Transfer Facility (TTF) fell 9% last week to dip below $12/MMBtu and hit a six-month low. The prompt Japan-Korea Marker (JKM) followed suit, finishing 1% lower at under $13, while JKM spot prices also hit a six-month low.