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
This report includes the following images and tables:
- Updated: 31 August 2022
What's included
This report contains:
Other reports you may be interested in
Insight
Global Short-Term LNG Supply Tracker (Q3 2025)
Quarterly update of short-term LNG supply dynamics by country
$1,050
Insight
Fibres sustainability feed
Wood Mackenzie’s fibres sustainability outlook – a live feed of our latest research
$900
Asset Report
Mina Al-Ahmadi GasPort - LNG regas terminal
Mina Al-Ahmadi GasPort - LNG regas terminal report 2025
$1,450
