Eerie calm

Global gas and LNG benchmarks are flatlining on the eve of winter. How long can this market tranquility last? EU LNG chart deck: 18 Sep-6 Oct 2023

It’s the ‘shoulder season’ and global gas markets have duly softened. Unable to absorb more molecules, Europe has loosened its grip in the tug-of-war with Asia for liquefied natural gas (LNG), creating a brief restocking opportunity for buyers east of Suez. Markets are still pricing in a premium for winter LNG deliveries into Europe, but the opportunity…