Flurry of discounted LNG cargoes stretch Europe’s regas terminals

Wednesday, 01 June 2022 10:18

Capacity constraints at Europe’s import terminals contrast with a flutter of LNG cargoes headed across the Atlantic. Some cargoes were offered at discounts of more than 20 percent to Europe’s benchmark TTF gas prices as sellers scramble to secure regas slots, but much volume had to be diverted to Asia. Though the arbitrage for selling US LNG to Europe is forecast to stay higher through 2024, landed volumes are likely to fall over the summer; our Markets Editor Anja Karl was told.


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