April 13, 2023 – Oil Price
Asia Spot LNG Prices Hit 21-Month Low
By Tsvetana Paraskova
So far in April, more than 75% of the U.S. LNG cargoes have headed to Europe, according to energy data analysts at RBN Energy.
“Exports to Europe remain at ultra-peak levels,” RBN Energy noted.
Historically, the U.S. exports more LNG to Latin America in the spring as the southern hemisphere prepares for peak winter demand, while Europe and Asia have just seen winter end.
“Last spring and summer, U.S. LNG exports to Latin America did rise...