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
Also in this section
26 November 2024
Secretary General Hamel warns on gas underinvestment, and highlights the energy source as playing a transitional role in the West and being a destination fuel in the Global South
25 November 2024
The Nigerian mega-refinery has yet to reach its full product-producing potential
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
