LNG

Southeast Asian countries with historically low gas storage levels have resorted to panic buying of spot LNG cargoes. Analysts warn a “vicious feedback loop” could weaken domestic purchasing power and further exacerbate energy price inflation.

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.”