An uneasy conflict between Europe and Russia over the supply of liquefied natural gas, or LNG, has cooled the market. But it would be unwise to consider marginally lower prices as anything but temporary relief. LNG exporters like Chenier and Tellurian will continue to benefit, while industrial and residential customers should not expect much relief.
One of America’s biggest LNG export terminals sent a blast last week European gas prices are rising Again—reflects the fragility of the market and the extent to which it is exposed to any supply hiccups. Europe’s gas supply They have been under threat since Russia invaded Ukraine in February. Although there is still no immediate prospect of completely stopping Russian supplies, overall Russian flows in the field Have fallen. In total, eight Gazprom contracts have been terminated in seven EU countries, according to data from IHS Markit. Those terminations have vaporized 70 million cubic meters of gas supply per day.