Commodity Market Report
Global gas & LNG weekly summary: 18 March 2022
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Report summary
Global prices continue to drop as global supply remains strong TTF continued to fall this week as the risk premium for Russian oil and gas supply disruptions decreased. Coal prices dropped as well after China’s announcement that it is significantly ramping up domestic coal production in response to high gas prices. TTF prices did recover some on Thursday, as Russian flows dropped to 350 mcm on Wednesday, down from 398 mcm one week ago. The decreases mainly came via Yamal-to-Poland and Nord Stream 1. Also, Norwegian flows dropped 15 mcm below the recent 7-day average, amid a decrease in nominations to Easington. While both production and Russian imports were down this week, net storage activity was still 50 mcm/d looser than the 5-year average.
Table of contents
- Global prices continue to drop as global supply remains strong
- Download the PDF and Excel datapack in the reports download section
Tables and charts
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Prices as of 17 March 2022
What's included
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