Commodity Market Report
Global gas & LNG weekly summary: 1 Aug 2024
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
As September began, TTF prices settled higher at around $11.35/mmbtu. The price differential between the basins remains open due to a mix of heatwaves and an unplanned outage at Australia's Ichthys LNG, with train 2 needing repairs that may take up to a month. This has supported the discount to Northeast Asia and incentivised cross-basin flows. Gassco nominations have increased and currently sit around 339 mcmd. Sendouts to Europe have dropped as renewable energy meets much of the cooling demand. European underground storage now sits at 84.7%, closing in on Europe's storage requirement of 90%. Overall, the week-on-week European balance has tightened.
Table of contents
- >> The full report is available as a PDF in the Download section
- Zachary settles withdrawal from Golden Pass LNG while heatwaves expected in Asia
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Extract examples of the PDF report
- >> The full report is available as a PDF in the Download section
Tables and charts
This report includes the following images and tables:
- Weekly European gas fundamentals
- Weekly floating LNG storage and trade routes
What's included
This report contains:
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