Shipments of U.S. liquefied natural gas (LNG) have gathered pace in March and Eu...
LONDON - Shipments of U.S. liquefied natural gas have gathered pace in March and Europe is set to stay a top destination for spot cargoes with Asian prices still too low to ship the chilled fuel that far.
Suppliers of U.S. LNG have loaded 14 cargoes so far in March, setting a faster pace than February when 29 cargoes were loaded in the whole month as storms and maintenance hampered output. The Dutch gas price, the benchmark for West European prices, was about $5.60 per mmBtu on Thursday, compared to about $5.80 for a spot cargo of LNG in Asia.
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