U.S.-to-U.K. LNG Shipment May Mark New Trade Link, JPMorgan Says
This article is for subscribers only.
A delivery of liquefied natural gas to the U.K. from the U.S. last week was the first such consignment since 1959 and may mark the start of a new trade link between the markets, JPMorgan Cazenove said.
The LNG tanker Maersk Meridian delivered an initial shipment of the fuel to the Isle of Grain terminal, east of London, from the Sabine Pass terminal in the U.S., National Grid Plc said Nov. 19. The fuel had been reloaded at the U.S. terminal, JPMorgan Cazenove analyst Fred Lucas said in a report dated yesterday.