Commodity Market Report
LNG short-term outlook: July 2024
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
European TTF prices have remained flat in July. NW European LNG imports were weak, with an increase in Atlantic cargoes travelling to Asia. Low utilisation of European regas terminals has reduced the discount of Northwest European LNG DES prices versus TTF, largely below the cost of primary regas capacity. Asian LNG DES prices trade at a premium (around $1.8/mmbtu) to European LNG DES prices, incentivising cross-basin trade.
Table of contents
- Cargoes pushed the long way to Asia, while European deliveries soften further
Tables and charts
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What's included
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