LNG

The first US LNG cargo for more than a year is heading for the Chinese port of Tianjin, east of Beijing, from the Cameron export plant in Louisiana operated by Sempra Energy.

Increasing and new liquefied natural gas production from US and Australian liquefaction and export plants met lukewarm Asia-Pacific demand growth and with no other viable outlet spot LNG shipments were sold at a discount into European terminals, something that is forecast to be repeated this year.