Saturday, June 15, 2019

What ever happened to natural gas vehicles.

This move comes on the back of months of Russian gas flooding European markets, keeping gas prices low, exacerbating an already-existing gas glut in the continent, and at least partially edging the United States out of the European natural gas market. As reported by Bloomberg, experts at Citigroup surmise that Russia’s increased shipments of natural gas to Europe are a kind of stress test for the United States. A Citigroup report says that Russia is intentionally keeping gas prices low because Moscow is likely “testing the response of the global gas market in a low price environment, especially U.S. LNG export elasticity.”

No comments: