Commodity Market Report
LNG short-term outlook: January 2023
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Report summary
While recent cold weather has accelerated withdrawals in Europe, the system remains awash with gas. European hub prices have softened to fundamental levels in search of a demand response through January. Regas competition has eased, triggering a price reconnect between TTF and LNG NW Europe DES. Asian LNG spot prices trade at a premium to European LNG, but demand has been slow to pick up amid a lack of liquidity. The strength of the demand response will dictate where prices settle through 2023.
Table of contents
- Prices tumble further as the market seeks additional demand
Tables and charts
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- Updated: 27 January 2023
What's included
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