Commodity Market Report

LNG short-term outlook: June 2023

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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 1 images and tables including:

  • Updated: 28 June 2023

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  • Document

    Short Term Outlook (Data).xlsx

    XLSX 281.76 KB

  • Document

    LNG Short Term Outlook.pdf

    PDF 2.08 MB