Asian LNG Prices Rise, Boosting European Gas Prices Amid Low Inventories
Dutch and British gas prices increased Wednesday morning, mirroring gains in Asian liquefied natural gas markets. Concerns over tight competition for limited supply and low storage levels overshadowed bearish factors like increased Norwegian imports and reduced power sector demand.
Dutch and British gas prices rose on Wednesday morning, following an increase in Asian liquefied natural gas prices, as concerns about strong competition for limited supply and low storage levels outweighed bearish fundamentals from higher Norwegian imports and weaker gas demand from the power sector. The ben…