Skip to content

European Gas Surge Increases Draw of U.S. Cargoes Away From Asia

  • LNG shipments to Europe now trump those to Asia by 17
  • Shorter path to Europe causing U.S. LNG shipping rates to fall

Higher natural gas prices and lower shipping rates are increasing the draw of U.S. liquefied natural gas cargoes to Europe over more traditional winter markets in Asia. 

As of Thursday afternoon, there were 41 U.S. LNG cargoes with either declared destinations in Europe or on a likely path to the natural gas-starved continent, compared with 24 heading to Asia, ship-tracking data compiled by Bloomberg show.