Commodity Market Report
Global gas & LNG weekly summary: 11 July 2024
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
August TTF prices dropped 30 cents to $11.53; prices are declining tracking the drop in Northeast Asia DES as Asian demand wanes amid cooler weather forecasts. The TTF discount to Northeast Asian DES has decreased, making it less attractive for uncommitted cargoes to travel to Northeast Asia. European underground storage levels rose to 79.6%, which aligns with 2023 levels. Norway extended maintenance at the Karsto gas field by one day, ending on 11 July. As maintenance tapers the increased Gassco supply may lead to stronger supply fundamentals
Table of contents
- >> The full report is available as a PDF in the Download section
- Freeport LNG ramps down in preparation for Storm Beryl, while cooler weather may curb Asian demand in the coming months
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Extract examples of the PDF report
- >> The full report is available as a PDF in the Download section
Tables and charts
This report includes the following images and tables:
- Weekly European gas fundamentals
- Weekly floating LNG storage and trade routes
What's included
This report contains:
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