Commodity Market Report

Global gas & LNG weekly summary: 31 October 2024

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November TTF gas prices have fallen to $13.1/mmbtu, with the European balance slightly tighter week-on-week. European gas storage currently has a capacity of about 95%. Withdrawals have occurred on five of the last seven days, and the rate of injections has slowed. By 28 October, Spain’s underground gas storage sites had reached maximum capacity. Denmark, however, is unlikely to meet the EU’s 90% storage target for November due to several setbacks—delays in resuming production at the Tyra gas field, among others, that led to supply disruptions. France has seen a drop in gas send-out over the past two weeks

Table of contents

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  • Plaquemines awaits feed gas authorisation while Indonesia’s Donggi-Senoro LNG shows signs of recovery
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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

What's included

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  • Document

    Global Gas & LNG Executive Summary 20241031.pdf

    PDF 706.95 KB