Commodity Market Report

Global gas & LNG weekly summary: 18 April 2024

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May TTF prices continued their upward momentum, surpassing the $10 threshold to settle at $10.44/mmbtu. The window for arbitrage to Northeast Asia closed and price differentials no longer incentivise cross-basin flow. Fundamentals have taken a backseat to short-term geopolitical instability. A large-scale attack on Ukrainian gas infrastructure and uncertainty in Norwegian maintenance on fields such as Dvalin and Nhyamna weighed greater in players' minds in the short term as a more potent driver.

Table of contents

  • >> The full report is available as a PDF in the Download section
  • Geopolitics and upcoming Norwegian maintenance overshadow global LNG price movements
    • >> 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 20240418.pdf

    PDF 611.57 KB