Bloomberg has issued a Natural Gas supply report where it calculated markets will need 1.8% more volume over the summer to meet demand growth compared with a year earlier..
Several European trading desks report that Asian buyers are coming into the European markets to buy at low prices, creating further upward pressure on European gas prices.
BP has appointed its top LNG executive James Cheeseman to lead the Ammonia trading business as demand for more green energy pairs with conventional energy sources like Gas and Oil.
Russia and the US are fighting for the biggest piece of market share in the gas market. Russian supply is at risk of more sanctions and bottlenecks, while the US trying to guarantee a stable and secured supply. Australia is further falling behind in market share as output declines due to ageing fields.
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