September 16, 2021 – OilPrice.com
Europe’s Energy Crisis Is Driving Up Natural Gas Prices Worldwide
By: Tsvetana Paraskova
U.S. natural gas prices may cool with pleasantly warm early fall weather, analysts say.
Yet, the natural gas/LNG supply squeeze globally is setting the stage for record winter prices, Lindsay Schneider at RBN Energy wrote last week.
“The incredible bull run for global gas prices has been underpinned by high demand for LNG and the cascading effect of a supply squeeze in Europe, brought on by the triple threat of low domestic production, decreased imports from Russia, and a scarcity of incremental LNG cargoes,” Schneider says.
“Not only is this driving record-high gas prices and increased volatility now, but the low inventory means sustained high prices for the heating season ahead,” the energy analyst noted.
Read the full article here: https://oilprice.com/Energy/Natural-Gas/Europes-Energy-Crisis-Is-Driving-Up-Natural-Gas-Prices-Worldwide.html
