Europe Still Winning on LNG Imports Even as Prices Slump
- Some 68% of LNG exported by US is headed to Europe: Kpler data
- China’s uncertain demand is keeping sellers wary of Asia trade
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Europe is still awash with liquefied natural gas despite a crash in benchmark prices as demand in Asia remains lackluster.
A few weeks ago, it became more profitable to deliver US LNG to Asia than to Europe, but that premium has been insufficient to lure cargoes away from a region that’s been flooded with the fuel in recent months.