Commodity Market Report
Global gas & LNG weekly summary: 22 Feb 2024
Report summary
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
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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 2 images and tables including:
- Weekly European gas fundamentals
- Weekly floating LNG storage and trade routes
What's included
This report contains:
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