Global LNG prices seen at risk of this winter spike
Executives said Europe’s gas stocks are at their lowest in years and North Asian buyers may face stiffer competition while the Strait of Hormuz remains closed, increasing the risk of higher LNG prices this winter.
Global LNG prices could rise sharply this winter as Europe sits on its lowest stock levels in years and North Asian buyers face more competition, executives said at an industry conference this week. Europe will enter this winter with storage at its lowest level in years, while the Strait of Hormuz remains closed, adding to supply concerns for LNG buyers in North Asia.