China Demand Revival Can Add to Europe Energy Woe, Goldman Says
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Europe may face a further setback in efforts to manage its energy crisis if there’s a revival in China’s demand for liquefied natural gas, according to Goldman Sachs Group Inc.
Weaker LNG consumption as a result of coronavirus curbs has seen the nation add to inventories, and enabled importers to capitalize on high prices by reselling cargoes -- boosting the availability of shipments for European buyers, Goldman’s head of natural gas research Samantha Dart told Bloomberg Television in an interview.