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European Gas at Pre-Crisis Levels Seen Spurring Asian Demand
European natural gas prices are trading near levels seen before the energy squeeze started brewing in May 2021, with industry players cautioning that may trigger stronger demand in Asia. The benchmark contract in the Netherlands slumped below €23 a megawatt-hour, and is on track for a third weekly loss with more than a month to go for the winter heating season. While the declines in European prices highlight a comfortable supply situation — storage sites are still about 65% full — costs are also falling in Asia. Price-sensitive buyers there are turning to liquefied natural gas, in part pulling supply from the ... (full story)
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- Posted: Feb 23, 2024 11:12am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 299
