US LNG ex­ports shift to Europe from Asia

Kathimerini English - - Focus -

US liq­ue­fied nat­u­ral gas (LNG) ex­porters have shifted their fo­cus to South­ern Europe from Asia as cold weather and prob­lems with Al­ge­rian gas sup­ply have driven Europe’s gas prices higher. Gas prices in Europe are at their high­est pre­mi­ums to US gas prices for three years. Sev­eral car­goes have al­ready made their way to Europe, and an­a­lysts ex­pect more to come. The on­go­ing shut­down of some French nu­clear plants as a con­se­quence of the dis­cov­ery of forged man­u­fac­tur­ing doc­u­ments for some parts used in those plants has also fired up de­mand for power from the re­gion’s gas-fired plants higher than nor­mal. Spain, Greece and Turkey would be other pos­si­ble des­ti­na­tions for the LNG car­goes, said Made­line Jowdy, se­nior di­rec­tor global gas and LNG at PIRA in New York. The flow would likely slow in March,

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