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Markets & Forecasts

More US LNG for Europe, but will it last?

EU countries received record levels of US LNG in March, but flows are likely to slow in the winter as the spread widens between Asian spot and European hub prices EU countries received record levels of US LNG in March, but flows are likely to slow in the winter as the spread widens between Asian spot and European hub prices.
By Peter Stewart 1 August 2019 Americas / LNG 0 34454
The Elba Island LNG plant in the US. (Shell)

Fuelled by a narrowing of east-west differentials, more LNG cargoes from a growing number of liquefaction trains in the United States have headed to Europe in recent months rather than to their traditional homes in Latin America and Asia. But will the flow of cargoes continue?

March 2019 saw record levels of US LNG exported to EU countries, with volumes amounting to more than 1.4 billion cubic metres worth around €300 million ($331 million). Seventy-seven US cargoes had been shipped to Europe this year as of...