Prices rise even as demand falls. Time for a correction? | EU LNG chart deck: 16-27 Oct 2023
European natural gas prices have retreated from recent peaks but remain unsustainably high. The initial shock of events in Israel and the Baltic Sea is giving way to a creeping realisation that gas fundamentals remain weak. European LNG imports have fallen by a third since the summer even as prices rose by the same proportion, suggesting a correction is due. But LNG traders can still make a killing before that happens.
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