Commodity Market Report
Global gas & LNG weekly summary: 7 Sep 2023
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
TTF contango steepens as oversupply outweighs production drop and upcoming Australian strikes As of 6 Sep, NE Asia posted increases along the curve while TTF posted notable decreases along the curve, especially in the front. Oct decreased the most by 21%, which resulted in a steepening of the Oct/Nov and Oct/Dec contango. TTF’s decreases over the past couple weeks highlight that Europe’s oversupplied market is outweighing the risk from Australian strikes and the recent week-on-week tightening from NCS maintenance. Originally scheduled to start 7 Sep, strikes at Gorgon and Wheatstone were delayed to begin 8 Sep. Currently, the plan is for rolling strikes to occur over the next few weeks.
Table of contents
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TTF contango steepens as oversupply outweighs production drop and upcoming Australian strikes
- Download the PDF and Excel datapack in the reports download section
Tables and charts
This report includes 1 images and tables including:
- Prices as of 6 Sep 2023
What's included
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