Our November chart looks at the correlation between Henry Hub and TTF prices.
Tightening of the global gas market has caused Asian and European gas prices to surge and disconnect from Henry Hub – a price relationship that was closely linked in 2020. However, there are still macro drivers in play helping to maintain a broader correlation between TTF and Henry Hub prices.
This is part of our regular ‘Chart of the Month’ insight series. Every month, CME Group publishes exclusive insights from gas market analysts at Timera Energy. Each chart looks at a lesser-known aspect of the global natural gas markets, coupled with a sharp, succinct explanation. If you are a gas trader looking for an edge, sign up to download the latest chart.
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