Europe’s LNG Buying Hits Seasonal Record as Asian Demand Falls
The Wilhelmshaven petroleum and natural gas storage facility in Germany.
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Europe’s liquefied natural gas imports surged to the highest level for this time of year, bolstered by weaker demand in rival Asia, easing prices ahead of a crucial stockpiling season.
Flows to key terminals in northwest and eastern Europe are above seasonal averages and records observed in data going back to 2017, ship-tracking data compiled by Bloomberg show.