Natural Gas news and market movers: A long shot
- Bloomberg Intelligence reported in an article this morning that the possibility of Ukraine joining NATO is being considered in diplomatic circles. Although this is still only speculation, it would mean an outright risk of Russia escalating the war in retaliation. Russia completely halting its gas deliveries to Europe or non-Euro countries via Ukraine could be the first in a series of steps as the answer if Ukraine were to join NATO.
- Yahoo Finance reports that PetroChina is set to place orders for building more LNG ships. This strategy fits with recent reports of China being very active in the European Gas market and means their presence is here to stay.
- One headwind for Gas prices could come with Israel finally considering a ceasefire in Gaza, though no real deal is in place yet. A ceasefire would ease tensions in the region and could see Gas prices drop back below $2.00.
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