# LNG short-term outlook: April 2024 Report | Wood Mackenzie

> Wood Mackenzie's April 2024 LNG outlook reports that TTF prices rallied from about $8 to over $10/MMBtu in April before correcting. The rally is attributed to LNG supply disruptions, Middle East tensions, and infrastructure bombing in Ukraine, while Asian LNG kept a premium of about $1 over NW Europe.

- Date: 2024-04-29 · published 2024-04-29T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/9868-lng-short-term-outlook-april-2024-report-wood-mackenzie
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Supply disruption and geopolitical risk support global LNG prices, and the Asian premium reflects Atlantic-to-Pacific shipping costs. Feed buyers see the effect mainly through energy and fertilizer input costs.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2018-10-16 | [EIA Short-Term Energy Outlook - Fuels Market News](https://feedsoft.ai/events/62749-eia-short-term-energy-outlook-fuels-market-news.md) | -2.5% | +19.1% |
| NATGAS | 2021-05-01 | [Gas Market Report, Q2-2021 – Analysis](https://feedsoft.ai/events/47782-gas-market-report-q2-2021-analysis.md) | +1.2% | +1.8% |
| NATGAS | 2018-05-18 | [CFTC report assesses market impact of LNG \| Hedgeweek](https://feedsoft.ai/events/65197-cftc-report-assesses-market-impact-of-lng-hedgeweek.md) | +3.8% | +7.7% |
| NATGAS | 2021-10-21 | [Commodity Markets Outlook October 2021](https://feedsoft.ai/events/11753-commodity-markets-outlook-october-2021.md) | +20.7% | -4.0% |
| NATGAS | 2022-01-13 | [WoodMac: Global gas and LNG trends to watch \| Oil & Gas Journal](https://feedsoft.ai/events/43320-woodmac-global-gas-and-lng-trends-to-watch-oil-and-gas-journal.md) | -13.2% | -15.7% |

## Sources

- woodmac.com: https://www.woodmac.com/reports/lng-lng-short-term-outlook-april-2024-150264667/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.