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Bloomberg: there is a surplus of natural gas in the European and Asian markets

Photo by NASA on Unsplash

“There appears to be a short-term gas glut,” said Talon Custer, an energy analyst at Bloomberg Intelligence.

This factor, he said, will continue to put pressure on LNG prices in the next few weeks.

Earlier, U.S. Deputy Energy Secretary David Turk recommended European Union countries to engage in active gas purchases for the next two winters.

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