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Europe is absorbing more LNG as Asian demand is tepid and US and Russian supply grows, with storage sites already full. LNG imports are forecast to rise 65% to 81 million tons this year, and some cargoes are being sold at discounts to hub prices.
Limited European storage and terminal capacity make the glut more acute, which keeps European gas prices weak. This has little direct bearing on feed commodities.
ttnews.comAnna ShirayaevskayaNov 12, 2019Not 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.
