LNG traders have had LNG cargoes depart from the United States to Asia and make an abrupt turn in the Atlantic toward Europe, where gas prices are higher and demand is greater with winter weather and the halt of Russian pipeline gas supply via Ukraine. At least seven U.S. LNG cargoes that were en route to Asia via the Cape of Good Hope have made abrupt U-turns in the South Atlantic this month and are now headed to European receiving terminals, according to data from commodities analysts ICIS quoted by the Financial Times.
“It’s unusual…Europe Snaps Up U.S. LNG as Higher Prices Divert Cargoes From Asia
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