MARKETS

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.

Tim Daiss
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 storage...

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