Name: LNG short-term outlook: June 2024
Brand: Wood Mackenzie
SKU: 174844
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Author: Wood Mackenzie

Commodity Market Report 27 June 2024

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European TTF prices have remained broadly flat over June, despite more downtime at LNG plants and additional maintenance in Norway. Strong procurement in the Pacific basin has expanded the Asian LNG price premium to Europe, sitting at around $1.7/mmbtu at the end of June and incentivizing cross-basin flows. These dynamics have sharply decreased LNG volumes to Northwest Europe in June. Low utilisation of regas terminals has reduced the discount of Northwest European LNG DES prices versus European TTF to around $0.15/mmbtu, largely below the cost of primary regas capacity.</div>
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        Asian LNG demand strength is pushing European LNG imports down
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<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Short Term Outlook (Data).xlsx</p>
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    <span>XLSX</span>
    <span>273.76 KB</span>
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<p class="font-regular" >LNG Short Term Outlook.pdf</p>
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    <span>PDF</span>
    <span>1.93 MB</span>
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