Bangladesh's coal turn a bad sign for LNG
UNG•Bangladesh, previously seen as a high-potential growth market for LNG, reached a disappointing power-mix milestone that could concern US LNG exporters about longer-term prospects. China suspended oil product exports for October to bolster domestic stocks.
1. LNG market outlook
The article says Bangladesh’s power-mix milestone is a concern for US LNG exporters’ longer-term prospects, although it provides no further details about the milestone. Near-term US LNG sales are expected to get a boost from Europe’s need to replenish gas inventories before winter.
2. China halts exports
China suspended oil product exports for October to bolster domestic stocks. The move is likely to further tighten global fuel markets, the article says.
