Commodity Market Report
Global gas & LNG weekly summary: 23 Feb 2023
Report summary
TTF’s front-month contract settled at $15.5 on Wednesday down from $17 a week ago, as demand fell further for another week with a greater departure from average and supply stayed resilient. While the absence of cold in Europe continues to support the TTF bears, Asian prices now at $14/mmbtu appear to be attracting a wave of demand from price-sensitive Asian buyers which may be enough to support prices near these levels for now. TTF’s premium over Northeast Asia widened for deliveries this spring while staying flat or narrowing down the rest of the forward curve for 2023 as the more profitable destination for a U.S. cargo.
Table of contents
- HH and TTF continue to slide, as mild weather causes demand to fall further below average and supply stays resilient. Price-sensitive Asian buyers come off the sidelines.
- Download the PDF and Excel datapack in the reports download section
Tables and charts
This report includes 1 images and tables including:
- Prices as of 23 Feb 2023
What's included
This report contains:
Other reports you may be interested in
23 March 2023
Global gas & LNG weekly summary: 23 Mar 2023
Commodity Market Report
Global gas & LNG weekly summary: 23 Mar 2023
European prices fall again as demand falls despite what appears to be a short-lived cold snap in UK and Northwest Europe
$4,00001 June 2023
Global gas & LNG weekly summary: 1 June 2023
Commodity Market Report
Global gas & LNG weekly summary: 1 June 2023
Prices continue to probe lower in search of fundamental tightening
$4,00008 June 2023
Global gas & LNG weekly summary: 8 June 2023
Commodity Market Report
Global gas & LNG weekly summary: 8 June 2023
TTF bounces with extended NCS maintenance and as on-the-water LNG drops
$4,000
