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LNG: Asian LNG Could Hit $20/mmBtu on European Tiggthness

LNG
Energy BulletsBulletPower BulletsCommodities

Asia’s LNG prices could reach over $20/mmBtu on European gas supply tightness this winter according to Samantha Dart, co-head of global commodities research at Goldman Sachs.

  • "That's the near-term dynamic, given this vulnerability of Europe, the lack of spare capacity, the loss of the residual Russian volumes currently going through Ukraine, and I should say, a colder than average start of the winter," Dart said.
  • Delays in Americas LNG projects will also mean Europe and Asia have less LNG next year than planned.
  • "Europe is going to start next summer a lot tighter than this past summer," Dart said.
  • "All the LNG that Asia needs to buy to fill this deficit comes from the Atlantic basin, so Asia prices have to compete with European natural gas prices...if Europe is tight, then Asia LNG prices will be elevated as well," Dart added.
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Asia’s LNG prices could reach over $20/mmBtu on European gas supply tightness this winter according to Samantha Dart, co-head of global commodities research at Goldman Sachs.

  • "That's the near-term dynamic, given this vulnerability of Europe, the lack of spare capacity, the loss of the residual Russian volumes currently going through Ukraine, and I should say, a colder than average start of the winter," Dart said.
  • Delays in Americas LNG projects will also mean Europe and Asia have less LNG next year than planned.
  • "Europe is going to start next summer a lot tighter than this past summer," Dart said.
  • "All the LNG that Asia needs to buy to fill this deficit comes from the Atlantic basin, so Asia prices have to compete with European natural gas prices...if Europe is tight, then Asia LNG prices will be elevated as well," Dart added.