Asia's LNG push tightens the gas race with Europe

1 min read
Source: politico.eu
Asia's LNG push tightens the gas race with Europe
Photo: politico.eu
TL;DR Summary

Europe faces growing gas competition from Asia as summer demand rises and storage targets loom; with weak coordination and Asia's preference for spot-market buys, the bloc could be outbid and face higher gas and electricity prices, even if a U.S.-Iran deal eases tensions.

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