US LNG: Asia or Europe?

Contrary to received wisdom, Europe may become a more attractive destination than Asia for US LNG exports Contrary to received wisdom, Europe may become a more attractive destination than Asia for US LNG exports.
By Peter Stewart 20 May 2015 0 24340
Cameron LNG plant, USA. Contrary to received wisdom, Europe may become a more attractive destination than Asia for US LNG exports. (GDF Suez)

There is a common perception that the proposed LNG export projects in the United States will be primarily geared towards meeting Asia’s rising demand for gas. This expectation has been fuelled by strong demand growth in Asia and the continued decline of European demand. A sharp rise in Asian LNG prices after the March 2011 Fukushima disaster and winter peak LNG prices of $20/MMBtu in Northeast Asia also made the region seem the natural destination for Henry Hub-priced cargoes.

However, the price of oil and LNG...

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