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 oil supply short-term update - August 2026
Global oil supply outlook downgraded for 2026 as tensions in Middle East continue
$1,350
Commodity Market Report
Steel short-term outlook January 2023
Steel to evoke the tale of two halves in 2023
$5,000
Insight
LNG short-term webinar: July 2026
Global gas prices have rallied since mid-July after the US-Iran interim peace agreement collapsed.
$1,050
