Commodity Market Report
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
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- Updated: 23 February 2023
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