Natural Gas news and market movers: Hiccup does not help
- European Gas markets are whipsawing by pricing in and out a risk premium on local Gas prices while a lot of LNG volume is actually on its way to Europe. Therefore, any hiccup in supply disruption will not be felt in the first coming weeks, Bloomberg reports.
- Chevron had to reschedule several LNG deliveries for Asian buyers due to the outage at the Gorgon facility in Australia, traders reported to Reuters.
- ANZ Bank said in a note on Tuesday that a tight Asian market and Europe looking to further rebuild inventories could boost competition and prices in the Gas market, MT Newswires reported.
- PR Newswire reports that Karpowership and Brasilia’s Petrobras have signed a letter of intent to combine their respective expertise in the Natural Gas sectors. The agreement fits in the overall plan for Karpowership to further strengthen its access and relationship in the Brazilian Gas market.
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