Commodity Market Report
LNG short-term outlook: September 2022
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
In less than a month, European TTF prices have fallen 60% to around $50/mmbtu. With healthy storage levels, the European market is better prepared for winter, expecting market intervention and additional demand destruction. Weather has become the largest uncertainty for this winter with risks around demand response and possible competition for spot cargoes. We expect European hub price spreads to TTF will reduce as gas demand for heating emerges, and Asian LNG prices will follow a similar path.
Table of contents
- While the market is better prepared for winter, weather becomes the key risk
Tables and charts
This report includes the following images and tables:
- Updated: 28 September 2022
What's included
This report contains:
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