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Commodity Market Report

LNG short-term trade and price outlook (Q1 2023)

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01 March 2023

LNG short-term trade and price outlook (Q1 2023)

Report summary

European gas prices have softened through February as the end of winter approaches in a well-stocked market. Further commodity prices (coal, ammonia…) have followed European gas prices recently, shifting the economics of using gas to a lower level and reducing incentives for demand to rebound. Asian LNG spot prices trade at a small premium to European LNG, with some small opportunistic buying taking place recently. However, the market will struggle to accommodate a large sustained structural recovery.

Table of contents

  • The market seeks a lower price floor, but a sustained structural demand response is still a distant prospect

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  • Document

    LNG Short Term Outlook Q1 2023 (Data).xlsx

    XLSX 257.95 KB

  • Document

    LNG Short Term Outlook Q1 2023.pdf

    PDF 2.11 MB