# Europe’s Natural Gas Glut Is Growing - TT

> 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.

- Date: 2019-11-12 · published 2019-11-12T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/56248-europe-s-natural-gas-glut-is-growing-tt
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

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.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- ttnews.com: https://www.ttnews.com/articles/europes-natural-gas-glut-growing

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.