Europe’s Low Gas Stocks Set Stage for Winter LNG Battle

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Europe’s lowest levels of natural gas in storage in nearly two decades risk intensifying the race for LNG supply in the coming months as both Europe and Asia are competing for a shrinking pool of supply, with the Middle East’s LNG still blocked at the Strait of Hormuz. “The potential for a global ‘fight for fuel’ is there, particularly in a colder winter,” Go Katayama, principal insight analyst for LNG at intelligence firm Kpler, told Bloomberg. Europe is heading into the winter with one of the lowest…

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