LNG Shipments Targeting Atlantic Basin May Be Rerouted to Asia
Posted on May 30, 2006 in Markets and Competition, Regas Terminals & Capacity, Storage | Comments Off on 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 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]