Chart Deck — 21 Nov 2025

This is the new consolidated format for the Energy Flux Chart Deck.

Instead of publishing a hand-picked selection of charts each week, everything now sits in one place for a cleaner experience.

You get the full sequence laid out in order, allowing the data to speak for itself (50+ charts and graphs, minimal commentary).

It should make navigating the data quicker and give a more complete view of global gas and LNG dynamics.

Highlights:

• TTF Curve Slope looks remarkably bearish for this time of year (slide 8)
• TTF Sentiment Tracker settles into bearish quadrant (slide 13)
• Investment funds are within a sliver of net short TTF (slides 17-18)
• TTF Risk Model signals bullish risk under-priced (slides 26-29)
• Soaring freight rates are driving basinisation of flexible LNG (slide 33-34)
• US LNG is rapidly losing its competitive edge in Asia (slides 39-40)
• Global LNG market is physically oversupplied by 1.6 million tonnes (slide 51)