Commodity Market Report

Global gas & LNG weekly summary: 20 June 2024

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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
    • >> 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 20240620.pdf

    PDF 685.08 KB