LNG

Denmark has become a benchmark nation for measuring pipeline natural gas and power needs in the European Union as a bridge supplier of gas to Poland on the Baltic Pipe and being outside the LNG supply loop unlike Germany.

Asian spot liquefied natural gas cargo values adjusted to the front-month futures moving to December as Chinese demand was seen returning and European wholesale prices continued to be quoted at higher levels to Asia in the supply windows through to March 2023.

Norway, an exporter of LNG and pipeline natural gas as well as oil cargoes, is a frugal country when it comes to its own natural gas demand with annual needs of just 6.3 billion cubic metres.