Shale War's Collateral Damage: Europe's Gas Prices
- European gas prices fall amid record Norway, Russia shipments
- Tactic seen fending off Qatari, U.S. LNG imports to region
This article is for subscribers only.
Europe is awash with low-priced natural gas, thanks to Russia and Norway using a Saudi-like tactic to hold market share.
Utilities from EON SE to Centrica Plc are beneficiaries as Europe’s two biggest gas suppliers provided a record amount of the fuel in the first quarter, according to Societe Generale SA. The glut discouraged cargoes of U.S. liquefied natural gas and contained growth of imports from Qatar.