At least five LNG carriers have diverted from Asia to Europe as gas prices rose because Russia’s Gazprom halted supplies to OMV in Austria.

The benchmark front-month contract at the Dutch TTF hub was trading at €46 ($48.60) per megawatt hour on Monday, or $14.49 per MMBtu, the highest level since November 2023.

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The Asian benchmark Japan Korea Marker (JKM) was $14 per MMBtu, LSEG data showed.