Interbasin competition intensifies as more LNG cargoes divert to Asia

Asian LNG buyers have diverted at least eight Atlantic Basin cargoes away from Europe since the Middle East war began Feb. 28, as escalating supply risks following strikes on Qatar’s Ras Laffan facility heighten near‑term urgency in Asia and reshape trade flows, according to S&P Global Commodities at Sea data. The escalation has lifted global LNG prices on fears of tighter Atlantic Basin supply,Asian LNG buyers have diverted at least eight Atlantic Basin cargoes away from Europe since the Middle East war began Feb. 28, as escalating supply risks following strikes on Qatar’s Ras Laffan facility heighten near‑term urgency in Asia and reshape trade flows, according to S&P Global Commodities at Sea data. The escalation has lifted global LNG prices on fears of tighter Atlantic Basin supply,Read More