Global LNG Markets Face a Winter of Extreme Uncertainty
The defining feature of the Northern Hemisphere winter 2026/27 is uncertainty. Liquefied natural gas (LNG) prices are above $30 per million British thermal units (MMBtu), and gas inventories are markedly lower in key markets. Further price rallies are not a foregone conclusion, though. Potent downside risks remain, including a recovery of Middle Eastern LNG supply and weather-suppressed power and…
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