Some promising signals with the return of greater price stability
Is LNG getting easier again for trading houses?
Market volatility put a significant strain on the commodity traders in 2022, but there are some signs of green shoots
The gas and LNG trading teams of Singapore-headquartered Trafigura had a “strong half year, working hard to provide security of supply to customers in a stressed market environment,” CEO Jeremy Weir said when the firm reported results for the period between October 2022 and March 2023. But Weir offered no specific numbers on LNG trading volumes, which dropped by more than 7pc in the results for Trafigura’s 2022 financial year (October 2021–September 2022). The disruption to supplies of Russian gas entering Europe following the former’s invasion of Ukraine in February 2022—and the rush to replace these volumes with shipborne imports that then dislocated global cargo flows—caused price volatil
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