Commodity Market Report

Global gas & LNG weekly summary: 17 October 2024

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November TTF prices settled at $12.5/mmbtu, with the arbitrage to Northeast Asian DES closed and prices above the coal-to-gas switching range. Storage is 95%, slightly lower than last year, while the European balance remained flat week-on-week. Gassco nominations continue to rise, now at 322 mcm/d, and planned maintenance at the St. Fergus terminal will cause complete shutdowns until 22 October, with partial availability from 22 October to 19 November, followed by another brief shutdown.

Table of contents

  • >> The full report is available as a PDF in the Download section
  • The 3rd ship arrives at NFE Altamira FLNG facility while the loaded Artic LNG 2 vessel awaits potential buyer
    • >> The full report is available as a PDF in the Download section

Tables and charts

This report includes 2 images and tables including:

  • Weekly European gas fundamentals
  • Weekly floating LNG storage and trade routes

What's included

This report contains:

  • Document

    Global Gas & LNG Executive Summary 20241017.pdf

    PDF 704.77 KB