Interbasin LNG competition results in seventh Atlantic cargo to Asia: CAS

Asian LNG buyers have pulled at least seven Atlantic Basin cargoes away from Europe since the war in the Middle East began on Feb. 28, according to S&P Global Commodities at Sea data, driven by a widening Northeast Asia price premium and improved netbacks for eastbound flows. Cargoes in the Atlantic Basin sold on both spot and long-term contracts appeared to divert from Europe to Asia in responseAsian LNG buyers have pulled at least seven Atlantic Basin cargoes away from Europe since the war in the Middle East began on Feb. 28, according to S&P Global Commodities at Sea data, driven by a widening Northeast Asia price premium and improved netbacks for eastbound flows. Cargoes in the Atlantic Basin sold on both spot and long-term contracts appeared to divert from Europe to Asia in responseRead More