With the plunge in Russian pipeline gas deliveries, Europe will need “huge volumes” of LNG next year, commodity trader Trafigura said on Thursday, adding it expects continued volatility in the natural gas and LNG markets. “Looking forward, we expect gas and LNG markets to remain volatile,” Trafigura said in its annual report for the year to September 30, in which one of the world’s largest independent commodity traders posted a record-high net profit of $7 billion. “While Europe should avoid a blackout…
