European LNG, natural gas divergence widens on Atlantic cargo overhang
October 1, 2022 Comments Off
The European LNG and natural gas markets diverged to a record level Sept. 30 as a glut of Atlantic cargoes struggled to find a home because of a lack of buying interest and high storage levels. In addition to the oversupply, the decoupling reflects intra-European and inter-basin economics, as well as shipping rates, being such that arbitrage opportunities are said…
European LNG, natural gas divergence widens on Atlantic cargo overhang
The European LNG and natural gas markets diverged to a record level Sept. 30 as a glut of Atlantic cargoes struggled to find a home because of a lack of buying interest and high storage levels. In addition to the oversupply, the decoupling reflects intra-European and inter-basin economics, as well as shipping rates, being such that arbitrage opportunities are said…
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