European natural gas glut hits mid-winter prices as mild weather prevails and LNG cargoes are pointed at Asia

Friday, 30 December 2022

Europe has now entered an unusual period of having a temporary natural gas glut in the mid-winter season as several European Union nations this week built gas storage levels amid very mild weather and the Germans preferred coal and oil to gas for electricity generation, while the LNG arbitrage window opened to over $2 for the Japan-Korea Marker price for spot cargo deliveries to Japan, China and South Korea.


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Last modified on Saturday, 31 December 2022 05:38
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