Commodity Market Report
Global gas & LNG weekly summary: 26 September 2024
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The October TTF reduced its discount to Northeast Asian DES, settling at around $12.2/mmbtu—an increase of nearly a dollar from the previous period. European fundamentals also tightened, mirroring the 2023 trend, with storage levels below 94%. Maintenance at Kollsnes and Nyhamna wrapped up over the weekend, but lingering unplanned summer disruptions continue to weigh on prices despite improving flows. Gassco flows are still below 275 mcmd, significantly lower than the 350 mcmd seen two months ago. Meanwhile, pipeline gas from Algeria has dropped due to Medgaz maintenance, potentially contributing to a rise in LNG exports.
Table of contents
- >> The full report is available as a PDF in the Download section
- Cove Point LNG facility begins annual maintenance while the Qogir tanker leaves Plaquemines LNG
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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 the following images and tables:
- Weekly European gas fundamentals
- Weekly floating LNG storage and trade routes
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