Cuts to the production cap of the Groningen field in the Netherlands will allow Russia to push more gas into Europe – potentially through its planned extension of Nord Stream.
LNG looks set to take off as a bunkering fuel over the next 10 years, but there are still significant risks to the pace of development.
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Market fundamentals have pushed down prices in Asia and North America, where weak seasonal demand could continue through the end of winter. In Europe, the market has seen some colder weather support demand and reduced supply has caused prices to rise.
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