EU Wants New Transaction Based LNG Benchmark in Bid to Calm Prices

More fairy dust? How is such a pricing marker going to bring prices down? LNG is no pipeline gas, it flows towards the point with the highest price. Thats Europe right now so thats why you see all this LNG turning up at your shores. Costs a buck but keeps you warm. Guess what, if you try to stymie markets and drive prices down artificially, the LNG will go back towards Asia where it came from. Because Asians like warm and fuzzy too. They just can’t pay those ultra-high prices Europeans can. Go on, do your thing and see what happens.

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