Gas Crisis Lands LNG Cargo Market in Hands of Energy Giants
LONDON/SINGAPORE—Rocketing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of ...
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LONDON/SINGAPORE—Rocketing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of ...
Trouble is brewing from one end of Europe to another end of Asia. Leaks in the under-sea gas pipelines from Russia to Europe passing through the territorial waters of Denmark and Sweden have raised alarm in the two Scandinavian countries as well as in Europe. The Nord Stream I and Nord Stream II, the gas pipelines had shown signs
By Marwa Rashad and Chen Aizhu
Rocketing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of a handful of international energy majors and top global trading houses.
The price of LNG has soared during Europe’s energy crisis, and smaller players are struggling to compete in a market that requires a large balance sheet