LNG

Danish energy trader InCommodites, backed by Goldman Sachs, is preparing to make a foray into physical gas markets in the United States and Canada, venturing beyond its core European power and gas trading business. The Aarhus-headquartered company reported a sharp drop in 2025 net profit to €2.95 million, down from nearly €73 million a year earlier, citing tighter trading margins and increased upfront investment in building out trading desks in the US and Asia.

An US-Iran peace deal resolution is expected “very soon,” Pakistan’s foreign ministry says – which would hit future prices immediately – but physical LNG and oil flows, deliveries, and broader supply normalization would lag by weeks, Rystad Energy cautions.