Commodity Market Report

Global gas & LNG weekly summary: 22 Feb 2024

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This reporting week, March TTF prices declined to $7.6/mmbtu. European gas prices remain at the bottom of the coal-to-gas switching range – which has shifted down in recent months with the collapse in carbon prices. This is incentivising gas demand in the European power sector. Northeast Asian LNG prices followed a similar trend this week, softening to $8.3/mmbtu for April delivery. The spread between Northeast Asia and European LNG DES prices narrowed slightly but remained supportive of cross-basin flows on modern ships.

Table of contents

  • >> The full report is available as a PDF in the Download section
  • LNG prices soften further while sporadic spot activity continues in South Asia
    • >> 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 20240222.pdf

    PDF 607.50 KB