LNG NWE at the widest discount to Med in seven years in General Energy News 13/06/2026 The discount between Northwest Europe LNG prices and the Mediterranean marker reached the widest level on June 10 seen since July 2019, underpinned by higher shipping costs and firmer Southern European hub premiums, which continued to support Med pricing. Platts, part of S&P Global Energy, assessed the DES NW Europe marker for July at $16.91/million British thermal unit June 10, at a discount of 4 cents/MMBtu to the July TTF hub futures price. On the same day, Platts assessed the Mediterranean marker at $17.150/MMBtu, leaving NWE at a 24-cent discount to Med, the widest seen since a 25-cent discount on July 11, 2019. The Platts Mediterranean marker reflects pricing across Southern Spain, Portugal, Southern France, and Western Italy. Buoyant shipping costs An Atlantic-based trader said that the Mediterranean premium “makes sense due to extra shipping [costs]” required to reach the region. Platts assessed the LNG Atlantic carrier day rate for two-stroke ships at $105,000/day June 10. Shipping rates in the Atlantic Basin have remained relatively elevated compared to levels before the Middle East war. However, the same market participant said increased demand was not contributing to the premium versus NWE in the region. Strong gas hub vs TTF spreads Another factor behind the rise in Mediterranean prices has been the strength of regional gas hubs, which signaled a firmer Southern European market structure. Platts assessed the Spanish PVB July contract at Eur49.850/megawatt-hour June 10, a 54.50-euro cent premium to the French PEG July contract. At the same time, Platts assessed the Italian PSV July contract at Eur52.195/MWh, a Eur2.145/MWh premium to the Dutch TTF July contract. That PSV-TTF spread has averaged Eur2.278/MWh since the start of the month. Some traders believe the resilience in Southern European hubs has stood in contrast to Spain’s relatively comfortable supply pictu