Commodity Market Report
Global gas & LNG weekly summary: 23 Mar 2023
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Report summary
Global gas prices continue to come under pressure as global storage inventories remain at 5-year highs. TTF dropped further to $12.6 as of Wednesday settles. Henry Hub is again approaching $2 after rebounding up to $3 several weeks ago. While NE Asia has weakened, too, it is now carrying a premium to other regional gas prices through the end of the summer. Global cargo loadings exceeded deliveries by 9 standard cargoes for this week. This was primarily the result of an increase in loadings out of the Americas. This led to LNG-on-the-water increasing to 251 standard cargoes which is unseasonably high for this time of year. This adds further to the global high inventory story that we are seeing across the continents.
Table of contents
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Global gas prices continue to weaken as LNG volume on the water grows
- Download the PDF and Excel datapack in the reports download section
Tables and charts
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- Prices as of 22 Mar 2023
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