LNG traders divert cargoes from Europe to Asia as eastern demand rises

Quick Summary:

The benchmark front-month contract at the Dutch TTF hub closed at 47.50 euros per megawatt hour on Friday, or a lower $14.72 per mmBtu.

It diverted to Europe in mid-November before diverting back to Asia a week later.

LNGShips Empress departed Sabine Pass in the US state of Louisiana on Nov 11 and appeared to be heading to Asia, said Alex Froley, senior LNG analyst at data intelligence firm ICIS.

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Category: BusinessFinance

Markets: IndiaAustriaNigerNigeriaTaiwan

Topics: LNG traders Liquefied natural gas Asia Europe LNG Asian demand

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Published On: 2024-12-03 @ 11:13:34 (2 weeks ago)

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