Fletcher6
In an interview with Bloomberg, Mr. Kani claimed that there has been a big decrease in the price of LNG spot purchases because of coronavirus restrictions in China and a warm winter.
However, this year there is a risk of a significant increase in gas prices because of growing import capacity in Europe, loosening coronavirus restrictions in China, and the arrival of a cold winter, according to Mr. Kani.
European natural gas prices are still declining in April. Bloomberg notes that the price reduction was caused by the shift in demand from heating needs to securing supply for the following winter.
source: bloomberg.com
However, this year there is a risk of a significant increase in gas prices because of growing import capacity in Europe, loosening coronavirus restrictions in China, and the arrival of a cold winter, according to Mr. Kani.
European natural gas prices are still declining in April. Bloomberg notes that the price reduction was caused by the shift in demand from heating needs to securing supply for the following winter.
source: bloomberg.com
