Asia Backs Away as Europe Becomes the LNG Price-Setter
Market Intelligence Analysis
AI-PoweredAsian LNG imports are expected to decline this year due to high prices, while European imports are set to reach a record high as flows shift.
Market impact analysis based on bearish sentiment with 75% confidence.
Article Context
Asian imports of liquefied natural gas are set for a decline this year as prices prove too high for some importing nations, forcing them to look for alternatives, while others boost domestic supply. European imports, on the other hand, are headed for another record year as flows shift. Imports of LNG in Asia this year are on course to reach 276 million tons in total, after a strong November, at 22.99 million tons and an even stronger estimated December, when imports could reach 26.86 million tons. All this is according to data from Kpler cited…
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