Egypt leads US LNG cargo destinations in May as European share drops

Egypt was the top destination for US LNG cargoes delivered in May, while US shipments to Asia continued to rise during the month to help offset supply disruptions caused by the war in the Middle East, an analysis of S&P Global Energy CERA data showed June 1. The share of monthly US cargoes landed in Europe also declined in May to the lowest point since late 2024, as forward pricing for the winterEgypt was the top destination for US LNG cargoes delivered in May, while US shipments to Asia continued to rise during the month to help offset supply disruptions caused by the war in the Middle East, an analysis of S&P Global Energy CERA data showed June 1. The share of monthly US cargoes landed in Europe also declined in May to the lowest point since late 2024, as forward pricing for the winterRead More