Commodity Market Report
LNG short-term outlook: October 2024
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The conflict in the Middle East supported European TTF prices in October. Concerns eased slightly as Israel’s retaliation strikes didn't target energy infrastructure in Iran, triggering a small correction for gas and Brent prices. European LNG imports have started to recover in October, with a softer pull from Asian LNG players. As Asia transitions to winter, most companies in the region have completed their LNG procurement for November and December. Ample gas supplies in China and comfortable contracted LNG volumes for Japan and South Korea help maintain a balanced inventory position in the region.
Table of contents
- The conflict in the Middle East provided support to prices, but concerns have eased
Tables and charts
This report includes the following images and tables:
- Updated: 30 October 2024
What's included
This report contains:
Other reports you may be interested in
Insight
OPEC+ production cuts tracker
Includes 5 July agreement to accelerate the return of production cuts in August 2025.
$1,350
Asset Report
Al-Zour LNG - LNG regas terminal
Plans to import on a longer-term basis were disclosed as soon as 2010, as Kuwait started to import LNG via ...
$1,450
Insight
Global oil supply short-term update - July 2025
Minor changes to outlook as prices return to below $70/bbl
$1,350
