# Traders Rethink European Gas Play as Glut Turns Away Tankers - Bloomberg

> Mild weather has cut European natural gas consumption, and several LNG cargoes due in the region were canceled because storage terminals lack space. Some gas sellers are redirecting cargoes to other markets.

- Date: 2019-10-07 · published 2019-10-07T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/56753-traders-rethink-european-gas-play-as-glut-turns-away-tankers-bloomberg
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Surplus LNG being diverted away from Europe points to weaker gas prices and more supply available to Asian buyers.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-10-07/traders-rethink-europe-gas-play-as-glut-turns-away-lng-tankers

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