Analysts: LNG is Filling Gas Storage Inventories in United States, Western Europe
Posted on Apr 13, 2010 in Markets and Competition, Storage | Comments Off on Analysts: LNG is Filling Gas Storage Inventories in United States, Western Europe
NATS [subscription required] suggests in its LNG Week in Review that the driving force behind LNG markets in the United States and Western Europe is the push to refill natural gas storage inventories. NATS also notes that price advantages for U.S. LNG destinations over European terminals has eroded.
Separately, analysts with Raymond James released an analysis yesterday predicting that domestic natural gas supplies and LNG imports are “threatening to overwhelm [U.S. gas] storage this summer.” Read more in Platts LNG Daily [subscription required].