Made in Germany, fuelled in America

Incredibly, BASF could save $4.8 billion by buying LNG from America. EU LNG chart deck: 21-25 Aug 2023

European gas futures predictably relinquished recent gains as fears of Australian LNG strikes receded after Woodside Energy struck a tentative deal with union bosses (more on this below). But the most interesting EU gas story last week was BASF’s deal to import US LNG from Cheniere Energy, which could save the German chemicals giant as much as $4.8 bill…