The Canada Brief

Economy · 15 h ago

A tanker at sea

Clusteringcoefficient · CC BY-SA 4.0 · Wikimedia Commons

US LNG exports hit their second-highest month on record as Europe stocks up for winter

US LNG sent to Europe in October

6.89 million tonnes

US LNG shipments to Europe rose to 6.89 million tonnes in October, up from 5.91 million in September.

European gas prices rose above 100 euros per MWh, the first time in four years, and some fear they could reach 150 to 180 euros. Buyers have little choice but expensive LNG or more coal.

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European Union

The European Union's ban on Russian LNG under long-term contracts takes effect on Jan 1, 2027.