Commodity Market Report

LNG short-term outlook: February 2023

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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

European gas prices have softened through February as the end of winter approaches in a well-stocked market. Further commodity prices (coal, ammonia…) have followed European gas prices recently, shifting the economics of using gas to a lower level and reducing incentives for demand to rebound. Asian LNG spot prices trade at a small premium to European LNG, with some small opportunistic buying taking place recently. However, the market will struggle to accommodate a large sustained structural recovery.

Table of contents

  • The market seeks a lower price floor, but a sustained structural demand response is still a distant prospect

Tables and charts

This report includes the following images and tables:

  • Updated: 23 February 2023

What's included

This report contains:

  • Document

    Short Term Outlook (Data).xlsx

    XLSX 262.98 KB

  • Document

    LNG Short Term Outlook.pdf

    PDF 2.20 MB