- Chinese companies that have signed long-term contracts to buy U.S. liquefied natural gas have been selling their excess inventories to Europe and reaping big profits from the sales thanks to weak demand in China, the Wall Street Journal reports.
- Still, Chinese sales to Europe are not nearly enough to help the continent avoid potential shortages this winter with Europe depending more heavily on the U.S. Europe has managed to fill its gas stores ahead of schedule.
- Europe’s natural gas prices have plunged sharply on news that Germany’s gas stockpiles are running ahead of schedule.
China Is Reselling U.S. LNG To Europe For Big Profits
