EconomyEurope’s rush to fill gas storage amid LNG shortage drives prices higher — expert
Alexey Belogoryev of the Institute of Energy and Finance says Europe’s accelerated injections into underground gas storage ahead of winter are lifting prices amid an acute LNG shortage. October futures at the Netherlands’ TTF hub have topped $1,000 per 1,000 cubic meters. Prices could briefly stay at $1,000-$1,300 if the Strait of Hormuz remains blocked, but are otherwise expected to move closer to $800.
Europe’s rush to fill gas storage amid LNG shortage drives prices higher — expert