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Europe could become more attractive for US LNG

A greater proportion of US LNG is set to be delivered to Europe in the coming years as higher shipping costs and Chinese tariffs mean it will struggle to compete in Asia A greater proportion of US LNG is set to be delivered to Europe in the coming years as higher shipping costs and Chinese tariffs mean it will struggle to compete in Asia.
By Andrew Walker 31 October 2018 Europe & Russia / LNG 0 33128
The Meridian Spirit loading a cargo for India’s Gail at Sabine Pass LNG. (Cheniere)

A combination of Chinese tariffs and higher shipping costs will see more US LNG delivered into Europe over the next few years, delegates at the KNect365 LNGgc conference in London heard on Tuesday.

However, whether this trend continues in the long term will depend on the strength of Europe’s gas demand and the competitiveness of US LNG compared with other supply sources.

Sam White, director of commercial structuring at Cheniere Energy, anticipates that Europe could import up to 100 mt of LNG by 2030, up from around...