Freeport LNG Predicts Price Surge Amid Ongoing Conflict

Freeport LNG, a U.S. liquefied natural gas exporter, forecasts that if the current conflict persists and European countries compete for supply, the price of LNG cargoes for June and July could rise above $17 per million British thermal units. According to Jin10, this projection reflects the potential impact of geopolitical tensions on energy markets, as European nations seek to secure energy resources amidst uncertainty. The situation underscores the volatility in global energy prices driven by geopolitical factors.