Gazprom’s apparent decision to halve capacity of the proposed Turkish Stream pipeline project reflects deepening political differences between Russia and Turkey.
Latin American LNG imports are under pressure as key consumers look for alternatives, such as boosting domestic gas production and pipeline imports.
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Improved gas supplies and weak demand during the shoulder months saw the Henry Hub front-month futures price fall to $2.40/MMBtu on 2 October – the contract’s lowest level since June 2012.
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