Commodity Market Report
LNG short-term outlook - November 2021
Report summary
Low inventory and uncertain Russian gas keeps European TTF volatile, despite falling from recent highs. Strong global LNG supply keeps Pacific LNG prices from disconnecting entirely, however high charter rates and bottlenecks at Panama keep the Asian premium wide. Strong LNG supply into winter: Global output surpassed 33 Mt in October, as producers pushed hard to capture high prices. We expect global supply to increase +5% over winter compared to the previous two winters – driven by countries including Egypt and the US. However, producers which have faced chronic gas shortages this year will face difficulties boosting seasonal output.
Table of contents
- Despite falling from recent highs, low inventory and uncertain Russian gas keeps European TTF volatile. Strong global LNG supply keeps Pacific LNG prices from disconnecting entirely, however high charter rates and bottlenecks at Panama keep the Asian premium wide.
Tables and charts
This report includes 1 images and tables including:
- Updated: 16 November 2021
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
LNG short-term analytics: Monthly outlook
Monthly update of LNG market outlook including price forecast and market webinars.
$4,000
Commodity Market Report
LNG short-term analytics: Data download
Weekly updated data download for LNG Short-Term Analytics Service
$4,000
Commodity Market Report
LNG short-term analytics: Voyage tracker
Monthly updated LNG voyage history and shipping analysis
$4,000