Commodity Market Report
LNG short-term outlook: August 2023
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Price volatility has been high by the possibility of the strikes in Australia. However, the market is still essentially stocked and ready for the upcoming winter. Apart from volatility and risk premiums, the effects of industrial action should be limited unless they last for several months and are coupled with additional unanticipated outages, extremely cold weather, and/or other factors. Although there is a supply risk for September due to the possibility of industrial action at Gorgon and Wheatstone in Australia, all parties will ultimately be motivated to limit the duration. Demand could also be negatively impacted by the potential for a "El Nio" winter, which would be warmer than typical and could eliminate the majority of cross-basin flow into Asia. Weak gas demand in Europe has lowered our forecasted expectation of deliveries.
Table of contents
- Supply concerns distort price signals, but the market is well-prepared for winter
Tables and charts
This report includes the following images and tables:
- Updated: 30 August 2023
What's included
This report contains:
Other reports you may be interested in
Asset Report
PETRONAS FLNG 1 - Commercial overview
PFLNG 1 was the first floating facility in Malaysia, initially moored 180 kilometres offshore Sarawak and received gas from the Kanowit ...
$2,700
Asset Report
MLNG - Sabah Sarawak Gas Pipeline
SummaryThe Sabah Sarawak Gas Pipeline (SSGP) connected gas fields in Sabah to the MLNG export complex in Bintulu. The northern segment ...
$2,700
Asset Report
Train X
Train X was a single-train, 3-mmtpa speculative LNG project, located in Trinidad and Tobago. In 2007, BG (now Shell) and the government ...
$2,700
