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The following message was updated on 8/4/2021 12:19:14 PM.
Back at the NG meltdown
Just to see what a storage deficit looks like and impacts on prices. LNG in Asia now has a $17 handle. European storage now down 1 TCF compared to last year. Yes the German's storage will get a big bounce from Russian imports on the new pipes, but then again the Russians may not send NG through Ukraine. LNG prices have to drop $10/mcf to not be profitable with HH at $5/mcf. Many thanks to Ron H. and Celsius Energy