Strike spike

EU LNG chart deck: 7-11 Aug 2023

Nobody should be labouring under the misconception that European energy markets have returned to ‘normal’. The summer lull was punctured by a 30% spike in month-ahead Dutch TTF (Title Transfer Facility, the European gas benchmark) last Wednesday on fears of a possible strike in Australia that threatens to disrupt as much as 10% of global liquefied natur…