Winter's Coming! Can US LNG save the day?
- Timothy Beggans
- 8 hours ago
- 1 min read
Tim Beggans, President of Elk Trading Company, reviews the latest Goldman Sachs Exchanges discussion with Samantha Dart (Co-Head of Global Commodities Research) on the European natural gas crisis, Qatari LNG disruptions, and what it means for the U.S. market heading into winter.
Key topics covered:
Seasonality of natural gas demand and why winter is the critical deadline
Current U.S. storage and production strength vs. Europe’s inventory shortfall
Damage to Qatari LNG trains and the effectively closed Strait of Hormuz
Price response so far (50–70% higher) and whether more demand destruction is needed
U.S. LNG’s role filling the gap — and the green light it gives to North American projects
El Niño outlook and relative winter risk for the U.S. vs. Europe
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