Executive Summary Market overview

March 2018

Market developments

  • Spot LNG prices in Northeast Asia will continue to ease over the coming weeks as seasonal demand declines. However, the eight-week outage at PNG LNG will moderate the decline, with average prices for April delivery likely to be around $8.3/MMBtu.
  • Late-winter cold will continue to support European day-ahead hub prices in the second half of March. The NBP day-ahead was around 55-57 p/th in the middle of the month, up from an average of 50 p/th in January. The NBP month-ahead was roughly 51 p/th...

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