Commodity Market Report
LNG short-term outlook: June 2023
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
After plunging in May, global gas prices rallied rapidly through June due to extended maintenance in Norway before stabilising in the $10.5-11/mmbtu range. India, Thailand and smaller Southeast Asian markets have supported tendering activity in June. Except for a few transactions, Northeast Asian markets remain largely absent from the spot market. High temperatures over summer could create additional demand, but above-average LNG inventories provide a sufficient immediate buffer
Table of contents
- Gas prices rallied due to supply restrictions adding summer risks
Tables and charts
This report includes the following images and tables:
- Updated: 28 June 2023
What's included
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