The US-China trade war has rewritten the macroeconomic outlook for 2025, and with it the global demand picture for liquefied natural gas (LNG).
Swingeing import tariffs could be lifted just as quickly as they were introduced. However, even a swift resolution at this stage would be unlikely to purge the bearish sentiment now dominating the European natural gas market.
This episode catches up on the many market-moving events of recent weeks, with a focus on disruption to energy trade, relaxation of the EU’s gas storage targets, and bearish factors weighing on the summer gas demand outlook.
In the reader Q&A, I fielded questions relating to my recent take on the shift to a new lower pricing regime, and the risks posed by a cratering price environment to customers buying US LNG.
I also share my thoughts on The New Joule Order, a thought-provoking essay from esteemed energy commodities analyst Jeff Currie.
Thanks for listening,
— Seb
P.S. Don’t forget to share your questions, thoughts and reactions for inclusion in the next episode. I prioritise input from paid subscribers 😉
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