Tankers Line Up Off Europe’s Coast Waiting for Gas Prices to Rise Again

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Tankers Line Up Off Europe’s Coast Waiting for Gas Prices to Rise Again
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Dozens of ships laden with natural gas are floating off the coast of Europe, many of them waiting for berths to unload as the continent races to top up storage ahead of a winter without Russian gas

Few unloading berths, little storage space and a market dynamic called ‘contango’ are all to blame for the pileup

Western leaders are preparing for the possibility that Russian natural gas flows through the key Nord Stream pipeline may never return to full levels. WSJ’s Shelby Holliday explains what an energy crisis could look like in Europe, and how it might ripple through the world.

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