Commodity Market Report
LNG short-term outlook: August 2022
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Rallying power prices, outages in Norway and continued uncertainties on Russian flows have pushed European gas prices above $80/mmbtu. European LNG prices extended their discounts to European gas hubs – a dynamic we expect will soften in Q4 – as the system remains maxed out across continental NW Europe. Pacific LNG buyers remain on the sidelines at these price levels. Asian prices trade at parity to European LNG. A moderate premium could emerge this winter, but we expect limited competition.
Table of contents
- T ightening European balances propel skyrocketing LNG prices
Tables and charts
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- Updated: 31 August 2022
What's included
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