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Reuters reports that lower Chinese LNG purchases during 2022 freed up cargoes for European importers, especially in summer. That helped avert a deeper supply crunch after Germany's storage rush pushed European prices to record levels in July and August 2022.
The story shows how Chinese LNG demand changes can shift global gas supply, so a Chinese demand recovery would tighten the market and support prices.
reuters.comJohn KempFeb 15, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
