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====== LNG Market ======

Europe is attracting much more LNG and the European price has overtaken the Asian price now…Typically it’s the other way,” Hardy said.((https://archive.ph/av7RE#selection-7983.0-7986.0)) ((2025))

Hardy described a highly unusual situation in the gas market where the typical seasonal price patterns have been reversed.((https://archive.ph/av7RE#selection-8061.0-8064.0)) ((2025))

Normally, in a market driven by winter demand, gas prices would be higher in the winter months and lower in the summer months.((https://archive.ph/av7RE#selection-8065.0-8068.0)) ((2025))

This is because demand for heating purposes surges during the winter, driving up prices.((https://archive.ph/av7RE#selection-8069.0-8072.0)) ((2025))

“We’ve got a very unusual situation where the gas market is backward going into summer, so the price for summer is above the price for January next year. That’s just counter-intuitive to a winter-based market,” he said.((https://archive.ph/av7RE#selection-8073.0-8076.0)) ((2025))

However, Hardy noted that the current market is behaving counter-intuitively, with summer gas prices exceeding those for the following January.((https://archive.ph/av7RE#selection-8077.0-8080.0)) ((2025))

This inversion of the normal price curve suggests that there are factors at play that are disrupting the usual supply and demand dynamics of the gas market.((https://archive.ph/av7RE#selection-8081.0-8084.0)) ((2025))

These factors could include geopolitical tensions, disruptions to supply chains, changes in storage levels, or speculation about future demand.((https://archive.ph/av7RE#selection-8085.0-8088.0)) ((2025))

He noted that approximately 200 million tons of new LNG supply are expected to enter the market between 2028 and 2031.((https://archive.ph/av7RE#selection-8127.0-8130.0))