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LNG Shipments Targeting Atlantic Basin May Be Rerouted to Asia

A decrease in U.S. natural gas prices coupled with storage complications in certain European markets may result in a diversion of LNG cargos from the Atlantic Basin to Asia, according to Friday’s Platts LNG Daily. The article emphasizes that the United S
May 29, 2006

A decrease in U.S. natural gas prices coupled with storage complications in certain European markets may result in a diversion of LNG cargos from the Atlantic Basin to Asia, according to Friday’s Platts LNG Daily. The article emphasizes that the United States had a reduced need for LNG imports due to an unseasonably warm winter that kept levels at storage facilities “much higher than normal.” [Subscription required]

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