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Europe will remain a major destination for Atlantic Basin LNG despite the start-up of the Trans-Adriatic Pipeline and the delayed Nord Stream II pipeline. Unusually high European storage levels and declining North Sea output shape the outlook for 2021 flows.
Europe's pipeline and storage balance determines where LNG cargoes go, which affects global gas price spreads, but the outlook is mixed and offers no clear direction.
lngjournal.comStephan VenterDec 15, 2020Not 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.
