LNG arbitrage pivots back to Asia

DESPITE high LNG shipping rates, a few prompt-delivery cargoes in the Atlantic Basin have been diverted to the Pacific Basin ahead of winter's peak in Northeast Asia, reflecting high storage levels at European terminals, commodities data provider S&P Global said yesterday, citing multiple market sources.

LNG arbitrage pivots back to Asia LNG arbitrage pivots back to Asia LNG arbitrage pivots back to Asia LNG arbitrage pivots back to Asia LNG arbitrage pivots back to Asia

Many market participants say the trend also indicates a potential resurgence of Asian LNG demand as uncertainties surround the Atlantic due to a delayed winter, European price cap discussions and