Europe is facing a potentially tough winter with natural gas supply nowhere near enough to meet heightened seasonal demand, Bloomberg has reported, citing storage data and industry insiders. LNG deliveries in July were at the lowest for that month in three years, the report noted, and this month things look even worse, with only one cargo set to arrive in the UK. Meanwhile, six cargos of LNG are set to depart from Spain in August as traders seek to profit from higher prices on the Asian market. Pipeline supplies from Russia are also problematic and not for political reasons. Gazprom recently said that it is overwhelmed by demand both at home and abroad. Then, earlier this month, a fire erupted at a condensate plant in Siberia, reducing natural gas supplies via the Yamal-Europe pipeline. Global demand for natural gas, including LNG, has been on a tear recently, rising for […]