Executive Summary Forecasts
- Spot LNG prices in Northeast Asia have risen further, with cargoes for delivery in February priced at more than $11/MMBtu. GGA forecasts spot LNG prices will average approximately $10/MMBtu in February and around $6.6/MMBtu in Q2.
- Weak demand has weighed on gas hub prices in Europe, and prices at the peak of winter are not expected to make significant further gains. GGA forecasts the NBP month-ahead will average around 54 p/th in Q1.
- The Henry Hub front-month futures price has further upside during the gas withdrawal season....