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The Global LNG Market Is Reacting To Higher Natural Gas Prices In Europe

Europe’s benchmark natural gas prices and supply and demand fundamentals have been reflected in the global and Asian prices of LNG in recent weeks, Rystad Energy said in a note on Wednesday. Prices in Europe have increased in the past two weeks due to outages and maintenance at gas processing plants in Norway, which is now the single-largest supplier of gas to Europe after Russia cut off deliveries to many EU customers following the Russian invasion of Ukraine.

After weeks of falling prices amid subdued LNG demand globally and weak demand…

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