Europe Gas Market Vulnerable as Qatar LNG Disruptions Stretch Toward Winter
Dow Jones
Yesterday
1033 GMT - European gas prices remain vulnerable to renewed spikes as restricted Gulf LNG flows threaten to leave the Northern Hemisphere entering winter without normal Qatari supply, ING says. QatarEnergy has extended force majeure for some buyers into early November, while LNG flows from the Persian Gulf remain significantly restricted, say ING commodities strategists Warren Patterson and Ewa Manthey in a note. The tight supply backdrop leaves the global LNG market particularly exposed as the heating season approaches, they say.
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