Commodity Market Report
Global gas & LNG weekly summary: 20 June 2024
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Disruptions at Australian facilities prompted July TTF prices to settle at around $11.1/mmbtu, the highest level seen since last year. Reduced LNG deliveries to Northeast Asia have increased prices in a bid to attract more Atlantic-basin cargoes. Despite lower Norwegian gas production, muted European demand has contributed to record-level EU gas stocks, currently sitting around 74%. At the same time, Spanish terminal storage tanks are below the three-year average. Recent auction results indicate ample scope for LNG imports in July, with 27 slots booked at Spain's active LNG terminals.
Table of contents
- >> The full report is available as a PDF in the Download section
- Cooling demand from summer weather keeping Henry hub and Northeast Asia DES prices elevated
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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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