US LNG exports to Europe surge in November on higher prices
Live Mint* Most exported to Europe at higher prices * Production could go even higher in December * UK was major player in the market By Curtis Williams HOUSTON, - U.S. LNG exports to Europe surged in November as the world's largest producer of the superchilled gas sent more cargoes to the continent and fewer to Asia and Latin America, according to preliminary data from financial firm LSEG. Nearly seven of every 10 U.S. LNG cargoes headed to Europe in November as LNG exports rose to more than 7.75 million metric tons, up from 7.56 MT in October, with cooler weather favoring higher output, according to LSEG data. With the arbitrage favoring Europe, U.S. LNG exports to Asia fell to 1.64 MT or 21% of total exports in November, from 2.67 MT or 35% in October, LSEG data showed. Overall U.S. LNG natural gas demand averaged 13.65 bcf per day in November and could have been higher had the second-largest U.S. LNG exporter, Freeport LNG, not experience several outages in November, LSEG data showed.
History of this topic
Discover Related
)
)
)
