LNG

Asyad Shipping has agreed to sell minority stakes in the companies that own its two newest carriers, Muscat LNG and Musandam LNG, to two Omani investors. The deal leaves Asyad with 80% of each vessel-owning company and brings domestic capital into the group’s gas-shipping platform.

Financial, not physical trade is amplifying price swings at the Dutch TTF as Russian gas exports to Europe are unlikely to return. Hedge funds had to cut their positions after higher price volatility increased their value at risk (VaR), though analysts reckon there are many CTA buying levels starting in the low €40s/MWh.