
Feb 26 (Reuters) - CITI RESEARCH:
MAINTAINS BASE CASE THAT JKM AND TTF GAS ARE LIKELY TO TRADE BELOW $13/MMBTU IN 2H25 VERSUS THE RANGE OF $14-15/MMBTU CURRENTLY
SAYS JAPAN’S LNG IMPORTS ARE LIKELY TO DECLINE BY 3 TO 5-BCM, OR 4 TO 5% Y/Y IN 2025 DUE TO NUCLEAR RESTARTS AND PRICE-INDUCED FUEL SWITCHING
SAYS THIS SHOULD HELP BRING JKM AND TTF PRICES LOWER ALONG WITH OTHER BEARISH FORCES INCLUDING A LIKELY RETURN OF RUSSIAN GAS TO EUROPE AND EU RELAXING GAS STORAGE TARGETS