Commodity Market Report
LNG short-term outlook: May 2024
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
TTF prices continued their relentless rally in May, increasing +22% to $10.8/mmbtu. Unplanned maintenance in Norway, uncertainties on Russian flows and geopolitical risks contributed to the rally, increasing the risk premium. Northwest Europe LNG DES prices have reduced their discount to TTF due to continuing soft utilisation at regas terminals. Asian LNG DES prices have maintained a premium to NW Europe LNG DES prices of around $1.0/mmbtu, broadly in line with the shipping economics from the Atlantic to Asia,.
Table of contents
- The market continues to show signs of a tighter balance
Tables and charts
This report includes the following images and tables:
- Updated: 31 May 2024
What's included
This report contains:
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