Reuters Discusses Asian Utilities’ Sales of U.S. LNG Supplies to Europe
Posted on Sep 22, 2014 in LNG Exports, Markets and Competition | Comments Off on Reuters Discusses Asian Utilities’ Sales of U.S. LNG Supplies to Europe
An article by Reuters discusses attempts by Japanese and Indian utilities to divert some of their contracted-for U.S. LNG supplies to Europe amidst the companies’ realizations that their home markets will not be able to absorb the initial influx of LNG supply. The article also notes that a recent fall in crude oil prices has made LNG supply contracts linked to Henry Hub gas prices less attractive than such contracts linked to crude oil prices, raising concerns that U.S. LNG supplies may not remain a relative bargain.