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European Gas Extends Slump With More LNG Heading to Region

  • At least 15 vessels with U.S. LNG are sailing toward Europe
  • Gas prices drop below 100 euros for first time in two weeks
European natural gas prices headed for a third day of sharp declines as more tankers are crossing the Atlantic with U.S. fuel to the energy-starved region. 

European natural gas prices headed for a third day of sharp declines as more tankers are crossing the Atlantic with U.S. fuel to the energy-starved region. 

Photographer: Jason Alden/Bloomberg
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European natural gas prices headed for a third day of sharp declines as more tankers are crossing the Atlantic with U.S. fuel to the energy-starved region. 

At least 15 vessels with liquefied natural gas declared Western European ports as their destinations as of Thursday, up from 10 on Wednesday, shipping data compiled by Bloomberg show. Plus, there are another 11 U.S. LNG cargoes with undeclared destinations whose paths suggest they are headed for Europe.