Commodity Market Report
Global gas & LNG weekly summary: 5 December 2024
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
January TTF prices settled at $14.4/mmbtu as the month became the new front-month contract. European storage levels have declined week-on-week, now standing at 84%, although the pace of the decline has slowed due to milder weather reducing heating demand and LNG sendouts. In Poland, the Swinoujscie LNG terminal's newly expanded 180,000m³ storage tank received its first cargo, marking progress in its 5.4mn t/yr expansion. While Gassco extended maintenance by nine days to conclude on 19 December, nominations currently remain steady at 339 mcm/d. Although forecasts of above-seasonal temperatures have curbed heating demand, anticipated overnight lows in December could drive a rebound in consumption
Table of contents
- >> The full report is available as a PDF in the Download section
- Swinoujscie LNG new storage tank receives first cargo while volatility persists at Freeport
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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 2 images and tables including:
- Weekly European gas fundamentals
- Weekly floating LNG storage and trade routes
What's included
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