Pipelines, energy and natural resources

[daftandbarmy]

More LNG news

Good news for Europe. Bad news for producers.
Increased supply = decreased prices.

Why are European natural gas prices tumbling despite the cold winter?

European gas prices are tumbling despite cold weather and below-average storage, as surging US LNG flows flood the market. The TTF-Henry Hub spread, the price difference between European and US natural gas, has narrowed sharply.

www.euronews.com

Competitive Industrial America's back, and it's going to get uncomfortable for alot of (uncompetitive and far too comfortable) people...


"The main driver behind the falling prices lies across the Atlantic. The United States has ramped up exports of liquefied natural gas (LNG) to Europe, offsetting reduced Russian supplies and reshaping the global energy balance. According to Kpler data, US cargoes have accounted for around 56% of Europe’s LNG imports this year. With Asian demand relatively weak and US export capacity strong, Europe has become the primary destination for American LNG."

 

[Kirkhill]

Competitive Industrial America's back, and it's going to get uncomfortable for alot of (uncompetitive and far too comfortable) people...


"The main driver behind the falling prices lies across the Atlantic. The United States has ramped up exports of liquefied natural gas (LNG) to Europe, offsetting reduced Russian supplies and reshaping the global energy balance. According to Kpler data, US cargoes have accounted for around 56% of Europe’s LNG imports this year. With Asian demand relatively weak and US export capacity strong, Europe has become the primary destination for American LNG."

Silly buggers like to compete. I understand some families even train their kids to compete.

Or at least that was the consensus at our last convention...