LNG supplies help keep European gas prices subdued

LNG carrier at export terminal supplying Europe and influencing European gas prices

European gas prices remained subdued through November’s cold spell as strong LNG sendouts and steady Norwegian pipeline flows kept the market well supplied. Despite a notable pickup in storage withdrawals — around 3 bcm during the month — expectations of a global LNG glut continued to cap price momentum in the TTF benchmark. BNEF now projects end-March storage levels in […]

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