Energy FluxRT @EnergyFluxNews
Spare a thought for all those European utilities that paid an eye to take Pakistan's LNG and refill EU gas storage facilities last year.
At ~5x today's spot price, that stocked gas is unburnable (especially for the unhedged buyers).
Comeuppance? https://twitter.com/ira_joseph/status/1654460385456521217
Ira Joseph on Twitter
“Ladies & gentlemen, I present sub-$10 JKM for the 1st time since June 2021. Quite a ride down since Sept. Hard pressed to tell you why it cannot go lower at this time of year. Look for support once JKM drops below oil-indexed contracts, which are different for each buyer. #ONGT”