LNG

Aug 14 (LNGJ) - The redirecting of LNG away from Europe towards Asia is expected to rise over the next two years, analysts said. European deliveries were down more than 30 percent in the first half of 2012 as cargoes were diverted and re-exported. LNG available for Europe could fall from current levels of 46 million tonnes per annum to around 20 MTPA in the next two to three years before returning to current levels as new Australian and US output begins to arrive in Asia.