LNG

Europe's storage refill is running behind, and running on US LNG. The methane row could pull the rug, without ever needing to bite. With the summer-winter spread inverted, no one wants the financial exposure of injecting, so the Continent is deferring in the hope that a warm winter does the work instead. EU storage was above 40 percent in early June, and Brussels has already conceded the 90 percent target.  Six US cargoes have shown over mid-April to mid-May that the inter-basin price spread can still pull cargoes east when JKM widens, writes our Markets Editor Dr Alexander Wilk. 

Subscriber content
	This content is available only to subscribers please log in below or subscribe now / request a free trial
	Username Password Remember me Forgot your password? Forgot your username? Create an account