Natural Gas news and market movers: Mixed headlines
- Bloomberg reports that the Freeport LNG plant in Texas still has not produced any flow worth mentioning since it reduced output for Hurricane Beryl last week.
- European Gas storage facilities are confirmed to be near 81% full, which is above the 71.3% 5-year average and sets the bloc up for passing the next fall and winter quite comfortably.
- Newsbase reports that Novatek is growing its foothold in China by offering cargo for late July in an attempt to penetrate China’s domestic Gas market further.
- China reported weak economic growth figures on Monday, which means the big LNG buyer might come out with sluggish demand, Reuters reports
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