As demand for natural gas dwindles, traders are creatively looking at their options
A variety of intermediaries and contract terms allow traders to swap cargoes with each other, divert shipments or even take longer routes to optimise returns
London/New York — The golden age of trading in the world’s natural gas market has ended, and it was bound to happen even before the coronavirus struck.
Two warm winters in a row in addition to the health crisis have gutted demand for the fuel used for everything from home heating to power generation. That’s left inventories brimming during a season when they’re usually drained...