European natural gas prices decline further amid gas glut and margins widen in favour of Asian LNG cargoes
European liquefied natural gas price benchmarks declined by over 13 percent this week as supplies were ample and margins widened to over $4 per million British thermal units between the Pacific and Atlantic basin values .
US LNG data shows France leap-frogging Mexico and India in overall standings as a main cargo destination
The US Department of Energy published its latest liquefied natural gas monthly export data with France leap-frogging Mexico and India into seventh place from 10th in the overall standings as double-digit cargo shipments were diverted to Europe after the Russian invasion of Ukraine.
Natural gas and LNG for export fare better than oil and coal in a pessimistic US Annual Energy Outlook
Natural gas and LNG for export fare better that oil and coal in the latest US Annual Energy Outlook as the US Government stated that the Covid-19-related decline in demand for delivered energy was 70 percent more than in the financial crisis of 2008, with some US demand sectors taking up to 10 years to recover to 2019 levels.
US Department of Energy data shows China surge into third place as recipient of LNG
US LNG export data showed China and South Korea each received six shipments from the Sabine Pass export plant in Louisiana as the Chinese surged up the top 10 of American cargo recipients with 29 delivered overall, according to the latest monthly data from the Department of Energy.
