Natural gas price ranges for oil-indexed supply (Q1/Q3 2020) and current spot prices (Q1 2020)

Notes

Oil-indexed prices are a range based on contractual ‘slopes’ that dictate the strength of the oil/gas price link. Prices in Q3 assumes Brent crude prices average USD 25/bbl from March 2020 - September 2020. Spot prices for Asia are an average of reported spot prices for LNG deliveries and for Europe are the day-ahead prices quoted on the Netherlands’ Title Transfer Facility (TTF)