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European Gas Drops 18% As US Sends LNG Flotilla

BY TYLER DURDEN

THURSDAY, DEC 23, 2021 - 09:18 AM

Update (0918ET): European natural gas prices plunged Thursday after news that a liquefied natural gas (LNG) flotilla from the U.S. was headed to Europe.

Data compiled by Bloomberg shows that ten vessels are headed to the fuel-starved continent while another 20 ships are crossing the Atlantic but have not determined their final destination.

The news of the flotilla sent the benchmark Dutch front-month gas spiraling down 18% to 141 euros in Amsterdam, wiping out this week's gains.

https://www.zerohedge.com/commodities/us-sends-fleet-lng-ships-fuel-starved-europe