Commodity Market Report
Global gas & LNG weekly summary: 12 September 2024
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
October TTF prices settled around $11.6/mmbtu, with inter-basin arbitrage still open. However, maintenance at Norway’s gas plants, including a 52 million m³/day capacity cut at Kollsnes until 17 Sep, and Nyhamna’s restricted output from 7-10 Sep, is impacting production. Additionally, reduced deliveries from Algeria through the Mazara interconnection in Sicily have tightened European gas supply, creating a tighter balance week-on-week. Despite these supply issues, high storage levels and warm weather have kept demand stable, though competition for winter gas may rise, especially with lower shipping costs making US cargoes more appealing to Asia.
Table of contents
- >> The full report is available as a PDF in the Download section
- Hurricane Francine reduced production in US facilities while Arctic LNG-2 will likely load its fifth cargo in the coming days
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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:
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Weekly European gas fundamentalsWeekly floating LNG storage and trade routes
What's included
This report contains:
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