A retrace as suggested would be a buying opportunity. Winter NatGas trends typically begin in August. Europe events of late could move this forward though. Trade the chart. GLTY
Also consider this FYI -
Venture Global and SEFE Announce 20-year LNG Sales and Purchase Agreement Venture Global set to become Germany’s largest LNG supplier, with a combined 4.25MTPA of 20-year offtake agreements signed Approximately half of CP2 20MTPA nameplate capacity has been sold, with 1/3 of the contracted capacity committed to German customers Construction expected to begin in 2023
Arlington, Virginia-Today, Venture Global LNG and SEFE Securing Energy for Europe GmbH (SEFE) announced the execution of a long-term Sales and Purchase Agreement (SPA). Under the agreement, SEFE’s subsidiary, WINGAS GmbH, will purchase 2.25 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from CP2 LNG, Venture Global’s third project, for 20 years.
Germany Signs Long-Term U.S. LNG Deal To Replace Russian Gas By Tsvetana Paraskova - Jun 23, 2023, 6:10 AM CDT Germany’s state-controlled firm, Securing Energy for Europe, has signed a 20-year deal with Venture Global LNG to import 2.25 million tons.
The move is the latest step in Germany’s attempt to secure its energy supply as it weans itself off Russian natural gas.
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