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Commodity Market Report

LNG short-term outlook: February 2023

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24 February 2023

LNG short-term outlook: February 2023

Report summary

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 1 images and tables including:

  • 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