But ‘exceptional’ gas trading propels earnings
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How natural gas prices dictate the pace of energy transition
PLUS: Tracking the glut, cheap gas and the energy transition, 2025 in review, Chart Deck + TTF Risk Model update
New LNG physical balance index monitors glut conditions in real-time | Chart Deck — 19 Dec 2025
Spread compression intensifies, but TTF is primed to snap back | Chart Deck — 12 Dec 2025