Commodity Market Report
LNG short-term outlook: July 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
Amid weak demand and resumed supply from Norway, price in Europe plunged to below $ 10 / mn Btu in mid-July before rallying back to near $ 10 / mm Btu. However, market sentiment for this winter is bearish as inventories in Europe and key NW Europe remain high. TTF prices might exhibit a large discount to Asian prices when Europe touches maximum inventory levels earlier than seasonal norms and push Atlantic cargos to the Pacific. Therefore, price softening is expected going into the winter.
Table of contents
- Downside risks to prices on the horizon, despite conflicting market signals
Tables and charts
This report includes the following images and tables:
-
Updated: 26 July 2023
What's included
This report contains:
Other reports you may be interested in
Insight
LNG short-term webinar: July 2026
Global gas prices have rallied since mid-July after the US-Iran interim peace agreement collapsed.
$1,050
Commodity Market Report
Steel short-term outlook January 2023
Steel to evoke the tale of two halves in 2023
$5,000
Insight
Long-term impacts of Russian refinery outages
How could global trade flows change if Russian oil product exports remain low?
$900
