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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…