Natural gas & LNG

Executive Summary July 2019

Regional analysis & forecasts
Market overview

Market developments

  • Northeast Asian spot LNG prices were down to as low as $4.3/MMBtu in early July, and while gains are forecast before winter, they are likely to be moderate. GGA forecasts the average spot LNG price in Northeast Asia will be around $6.5/MMBtu in Q4. 
  • European hub prices fell to 10-year lows in late June. Although the NBP month-ahead was around 35 p/th in mid-July compared with 24 p/th in late June, gains over the coming months are anticipated to be moderate. GGA forecasts the NBP...