Demand for liquefied natural gas is rebounding in Asia, which was outbid for the fuel by European buyers earlier this year. An uneasy truce between Europe and Russia over the supply of liquefied natural gas, or LNG, has cooled the market. But it would be unwise to treat modestly lower prices as anything other than a temporary respite. LNG exporters like Cheniere and Tellurian will continue to benefit, while industrial and residential customers shouldn’t expect much relief. An explosion at one of the largest U.S. LNG export terminals last week sent European gas prices soaring again—demonstrating the fragility of the market and the extent to which it remains exposed to any supply hiccup. Europe’s gas supplies have been under threat since Russia invaded Ukraine in February. While there still appears to be no immediate prospect of a complete halt to Russian supply, overall Russian flows to the region have […]