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Market move▼ Bearish for Petronet LNG
European Gas Rises as Traders Watch for Further Talks on Hormuz
The brief
- European natural gas rose, following oil higher
- Traders awaited next steps in efforts to revive shipping through the Strait of Hormuz
- Higher oil and gas prices can raise costs for Indian energy users and LNG importers such as Petronet LNG
- Qatar-linked LNG vessel transits through Hormuz increase despite conflict
- India explores greater UAE role in LPG and LNG supplies
- European Gas Prices Rise on Prospects of Prolonged LNG Disruptions