Green
Gone Are the Days of Easy Money in Global Natural Gas Trades
- Traders making pennies of profit in shipping LNG cargoes
- Once profitable trades have all but disappeared from industry
An LNG tanker sails past a container terminal as it arrives in Yokohama.
Photographer: Tomohiro Ohsumi/BloombergThis article is for subscribers only.
The golden age of trading in the world’s natural gas market has ended, and it was bound to happen even before the coronavirus struck.
Two warm winters in a row in addition to the health crisis have gutted demand for the fuel used for everything from home heating to power generation. That’s left inventories brimming during a season when they’re usually drained.