Free Trial

Europe Now Has Glut of LNG Cargoes

LNG

Europe is now awash with LNG cargoes it does not immediately need because of high storage levels and warm temperatures which are limiting heating demand.

  • Idled LNG tankers are piling up off Europe’s coasts, pushing up a Bloomberg index to the highest level since at least 2017.
  • Natural gas in Europe dropped below €100 per megawatt this week for the first time since June.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.