LNG

Prices for fossil fuels and clean energy technologies are falling as overcapacity builds. “Oil prices have already come under pressure (…) and the same will soon be true in natural gas markets, as the wave of new LNG export projects start operations,” said Fatih Birol, executive director of the International Energy Agency (IEA).

Macro bullishness abounds in European LNG, gas and power markets after US President Trump threatened to levy 25 percent tariffs on anyone who keeps doing business with Iran. Markets overreacted, with one gas broker describing the “move up on spreads for September vs October as well as Q4 vs Q1 “completely panic driven.”