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First LNG Cargo from New U.S. Export Terminal Changes Course for Britain
Posted By: IZAKOVIC
Date: Wednesday, 13-Jan-2021 05:52:26
www.rumormill.news/95568
In Response To: Moscow told London: You are 'extremely intellectually impotent'! (IZAKOVIC)
March 15, 2018 by Reuters
The LNG tanker Gemmata. File Photo: Paul Nilsen/MarineTraffic.com
By Oleg Vukmanovic
LONDON, March 15 (Reuters) – Falling Asian gas prices are reigniting interest in northwest Europe as a liquefied natural gas (LNG) destination following winter shortages as Russia and the United States step up deliveries.
Price swings prompted Royal Dutch Shell on Thursday to divert the first shipment from the new Cove Point export plant in the United States away from Asia to Britain.
More supply from Russia’s newly built plant in Siberia at Yamal is likely to be absorbed by northwest Europe as arbitrage opportunities with Asia dry up amid a post-winter price slump there, trade sources said.
Asia’s spot LNG premium over European gas hubs has shrunk to around $1 per million British thermal units, driven by divergent weather patterns.
Mild weather is sapping demand in major LNG consumers China and Japan as cold blasts depleted Europe’s gas inventories.
Tighter spreads limit traders’ ability to divert Atlantic-produced supply east after shipping costs rose last year.
More:
http://gcaptain.com/first-lng-cargo-from-new-us-export-terminal-changes-course-for-britain/
---
IZAKOVIC
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RMN is an RA production.
Articles In This Thread
- Moscow told London: You are 'extremely intellectually impotent'!
IZAKOVIC -- Wednesday, 13-Jan-2021 05:52:25
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IZAKOVIC -- Wednesday, 13-Jan-2021 05:52:26
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- Skripal Case: Moscow to Expel 23 UK Diplomats, London Reiterates Accusations
IZAKOVIC -- Wednesday, 13-Jan-2021 05:52:26
- First LNG Cargo from New U.S. Export Terminal Changes Course for Britain
IZAKOVIC -- Wednesday, 13-Jan-2021 05:52:26
- What is this all about: proceedings of WWIII
IZAKOVIC -- Wednesday, 13-Jan-2021 05:52:25
- Russian TV Shows How Putin Owned Megyn Kelly in Interview (Video)
IZAKOVIC -- Wednesday, 13-Jan-2021 05:52:25
- Russian MiGs 31 on duty with hypersonic missiles "Kinzhal"
IZAKOVIC -- Wednesday, 13-Jan-2021 05:52:25
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