Fitch Rating anticipates more US LNG cargoes will continue to be shipped to Europe as higher netbacks earned here than in China make cargo diversions “more competitive”, while more liquefaction capacity will come onstream “only in the medium term.” Concerns over suspended Russian gas deliveries to Poland and Bulgaria, and Europe’s plan to quickly increase LNG import capacity via floating regas terminals have kept the prices at the Dutch TTF gas trading hub at a premium over the Japan-Korea Marker (JKM).
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