Commodity Market Report

Global gas & LNG weekly summary: 24 October 2024

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The November TTF price settled at approximately $12.9/mmbtu, the last week has seen prices rise over 50 cent. The European gas balance has been showing relatively flat movement week on week. European gas storage levels are currently around 95%, which is slightly below the top of the five-year range. Gas nominations from Gassco are approximately 332 mcmd. Kaarsto and Gulfaks are undergoing their yearly maintenance, with Kaarsto announcing its unavailability through January for maintenance

Table of contents

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  • Freeport experiences loss in power draw while Cameron train 3 remains offline following a maintenance event on Columbia Gulf Upstream
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Tables and charts

This report includes 2 images and tables including:

  • Weekly European gas fundamentals
  • Weekly floating LNG storage and trade routes