Commodity Market Report
LNG short-term outlook: April 2024
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
TTF prices rallied in April, soaring from low $8/mmbtu to over $10/mmbtu in a few days, before correcting. We attribute these dynamics to LNG supply disruption, geopolitical tensions in the Middle East and bombing of some infrastructure in Ukraine. Northwest European LNG prices narrowed their discount to TTF with soft utilisation of regas terminals. Asian LNG prices retained a premium to NW Europe of around $1/mmbtu, consistent with the shipping cost from the Atlantic to the Pacific.
Table of contents
- Geopolitical risks, disruptions, late cold spells: a bumpy transition to summer
Tables and charts
This report includes 1 images and tables including:
- Updated: 29 April 2024
What's included
This report contains:
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