LNG

Trading Hub Europe GmbH, Germany’s market area manager for the nation’s natural gas system and now including deliveries to four LNG import destinations, has arranged a series of meetings in German and English to engage in discussions with market participants and present forthcoming changes in the German gas market.

The German Federal Ministry of Economics has rejected claims that the natural gas reserves for the coming winter were bought at too high a price as the nation prepares to become an LNG importer with expectations of the first facility coming on stream in 2023.

European natural gas trading in the day-ahead and month-ahead over-the-counter markets in London covering the eight major gas hubs in Europe soared more than 25 percent as prices plunged, according to the latest year-to-date figures.

European natural gas trading in the day-ahead and month-ahead over-the-counter markets in London soared almost 27 percent in June but at much lower prices compared with the same month in 2018.