Commodity Market Report
Global gas & LNG weekly summary: 12 Oct 2023
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Report summary
Supply risks and uncertainty around the world drive upward pressure on prices TTF rose this week as concerns mounted over Egypt’s ability to supply LNG cargoes. November TTF rose by more than 20% this week from $11.8/mmbtu to $14.4/mmbtu, with a peak of $15.3/mmbtu. This surge has put gas prices at their highest since September. The LNG price for November delivery into NE Asia increased by around 7% to $15.3/mmbtu from $14/mmbtu the previous week. Henry Hub also made similar gains to NE Asia, increasing by around 7% to $3.4/mmbtu
Table of contents
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Supply risks and uncertainty around the world drive upward pressure on prices
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- Prices as of 11 Oct 2023
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