Terminal decline

Softening demand raises questions around Europe's LNG terminal expansion drive | EU LNG chart deck: 27 Oct - 10 Nov 2023

European gas prices have fallen down a couple of rungs of the ladder since the last EU LNG chart deck two weeks ago, but remain closer to the clouds than the ground. Inelasticity means volatility is the norm, but the noise of exaggerated price movements should not distract from the broader signal of waning demand for natural gas. This secular decline ca…