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Supply Restocking May Support EU LNG: Platts

LNG
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Following a milder winter and more limited demand, restocking requirements may provide some support to European LNG, Platts said.

  • However, traders are seeing a flat structure for the for LNG, with a contango further down the curve limiting buying interest ahead of next winter, Platts said.
  • With the US arbitrage widening to the Pacific, LNG prices may see support over the injection season as Europe prices higher in a bid to compete with Asia for volumes.
  • However, LG imports into the EU27+UK are expected to fall 4.8 Bcm on the year in 2024 as Asian demand growth outpaces the supply entering the market.
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Following a milder winter and more limited demand, restocking requirements may provide some support to European LNG, Platts said.

  • However, traders are seeing a flat structure for the for LNG, with a contango further down the curve limiting buying interest ahead of next winter, Platts said.
  • With the US arbitrage widening to the Pacific, LNG prices may see support over the injection season as Europe prices higher in a bid to compete with Asia for volumes.
  • However, LG imports into the EU27+UK are expected to fall 4.8 Bcm on the year in 2024 as Asian demand growth outpaces the supply entering the market.