Commodity Market Report
LNG short-term outlook: October 2022
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Since September, European TTF month-ahead prices have fallen from above $60 to around $30 per mmbtu – and even more sharply on the day-ahead. The market is glutted with gas: storage levels are at a record high while mild weather is inhibiting gas demand. Even a cold winter scenario, combined with lower Russian flows, doesn’t look as alarming as it did even last month. We expect European hub price spreads to TTF to continue until bottlenecks loosen and Asian LNG prices to follow a similar dynamic.
Table of contents
- High storage, low demand: has the market ever been better prepared for winter?
Tables and charts
This report includes the following images and tables:
- Updated: 28 October 2022
What's included
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