Earlier this month analysts sounded the alarm for European natural gas prices when it turned out that a lot of Asian buyers are turning down LNG cargoes and Europe is taking these in, filling up its storage space. Now, everyone seems to be wondering when prices will bottom out, if they will bottom out at all. Gas is in a bear market at the moment. In Europe, the benchmark has lost 27 percent since the start of the year after losing close to 50 percent last year, Bloomberg’s Vanessa Dezem and Will Mathis wrote earlier this week. Reporting from the E-World event in Germany, they also quoted traders and analysts as saying they wouldn’t venture a guess at how low price could fall further. This could be a worrying sign. Natural gas production has been rising globally. It’s not just the United States, although the U.S. is leading the […]