$GLNG made a brilliant move last week closing its March-December 2023 and 2024 hedges. This trade generated $140M profit, while retaining TTF upside from current levels
Although I don't expect gas prices to skyrocket due to the very warm winter to date, I remain very optimistic
I expect some industrial demand to come back at current prices and temperatures to return to normal over February-March. On top of that, global supply remains tight until late 2025 and China's reopening will require Europe to raise prices to attract LNG cargoes to refill storage