LNG

The latest European LNG Market Monitoring Report (MMR) has analysed global and European Union market developments and has recommended further actions to improve transparency, competition and flexibility at European LNG terminals.

Germany, the leading European Union economy with plans for about half-a-dozen LNG import projects to replace halted Russian pipeline gas, has seen spot natural gas prices drop by over 55 percent since a government energy package was unveiled and the nation’s gas storage levels jumped to be almost full.