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Europe braces for LNG tug of war with Asia
Europe is preparing for intensified competition with Asia over liquefied natural gas supplies, according to a Financial Times report. As both regions vie for limited cargoes, buyers could be forced to bid up prices, with implications for Europe's energy security and household and industrial costs. The competition centres on securing winter supply and attracting flexible US and Qatari cargoes away from Asian buyers.
Why now: Energy market tension is mounting as European and Asian buyers compete for the same limited LNG cargoes.
Evidence
- Europe braces for LNG tug of war with Asia · Financial Times
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