Price is lower than last year, but high enough that EU demand for natural gas continues much lower than two years ago– yet is sufficient to pull LNG flows from far away to replace Russia’s flows that are now mostly gone. Matching supply and demand depends a great deal on winter weather. Temperatures are forecast to be normal to slightly above normal and even “winter as a whole is predicted likely to be warmer than average…” Below is a very helpful pipeline flow map from S&P Global with further information on floating and other flows (access link for more details).
