Fear grips EU gas trade

‘War premium’ makes LNG obscenely profitable – and too expensive to burn

Natural gas used to be known as the ‘champagne’ fuel, a luxury energy source that only wealthy nations could afford. Coal, by contrast, was ‘beer’ – the cheap and ubiquitous fuel of the masses. As the world plunges into a full-blown energy crisis that carries a tangible risk of physical supply shortages, liquefied natural gas cargoes are becoming as val…