Commodity Market Report
Global gas & LNG weekly summary: 10 June 2022
Report summary
TTF’s decline halted as explosion at Freeport LNG causes price spike, Henry Hub falls TTF settled at $25.3 on Wednesday, down from $25.8 last week. The decline marked a near erasure of its gains since the beginning of the conflict in Ukraine began, as storage levels approached the 5-year average, demand dropped, and elevated LNG send-out continued to eclipse drops in Russian flows via both Ukrainian transit and Nord Stream 2. Then on Thursday morning, prices gapped up on news that an explosion at Freeport LNG caused the facility’s operators to turn off all three trains and issue force majeures to their clients for at least the next three weeks, but potentially longer, as damage is assessed.
Table of contents
- TTF’s decline halted as explosion at Freeport LNG causes price spike, Henry Hub falls
- Download the PDF and Excel datapack in the reports download section
Tables and charts
This report includes 1 images and tables including:
- Prices as of 8 June 2022
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