LNG for Europe?

Of course it didn’t take long for price to recover with record heatwaves in the US south? This of course does not help Europe with their dependence on Russian gas?




U.S. natural gas slumps as LNG plant shutdown strands supplies

Christine Buurma and Gerson Freitas Jr., Bloomberg News

US natural gas futures plummeted and European prices surged after the operator of a key Texas export terminal said it may take three months to partially restart the facility following a fire last week.

The new timeline from Freeport LNG is much longer than many market participants had anticipated and matches the worst-case scenario posited by at least one analyst. Freeport previously said its facility would remain closed for at least three weeks.