- With all eyes on the EU gas crisis that has been unfolding since last fall, very little attention has been paid to declining US gas inventories this winter.
- A significant inventory gap in the US coincides with record LNG sales to the EU.
- BASF is one of the most exposed companies to a need for affordable natural gas supplies in the EU.
- The EU plan to shift more of its gas imports to supplies such as US LNG can leave the continent facing significant physical shortages of natural gas, as early as the coming winter.
- Since domestic demand needs to be taken care of before anyone else, industrial entities like BASF will be obliged to make up for the gap by shutting down their operations.
For further details see:
BASF Is A Bargain But With Geopolitical Risks