Some promising signals with the return of greater price stability
Is LNG getting easier again for trading houses?
Market volatility put a significant strain on the commodity traders in 2022, but there are some signs of green shoots
The gas and LNG trading teams of Singapore-headquartered Trafigura had a “strong half year, working hard to provide security of supply to customers in a stressed market environment,” CEO Jeremy Weir said when the firm reported results for the period between October 2022 and March 2023. But Weir offered no specific numbers on LNG trading volumes, which dropped by more than 7pc in the results for Trafigura’s 2022 financial year (October 2021–September 2022). The disruption to supplies of Russian gas entering Europe following the former’s invasion of Ukraine in February 2022—and the rush to replace these volumes with shipborne imports that then dislocated global cargo flows—caused price volatil
Also in this section
10 December 2024
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth
