Europe’s LNG Imports Hit Seasonal High ...Middle East

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Europe’s LNG Imports Hit Seasonal High
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Europe is taking advantage of weak Asian demand for liquefied natural gas and has boosted its LNG imports to the highest level ever for this time of the year, according to vessel-tracking data compiled by Bloomberg. The lower Asian demand and spot prices are incentivizing cargo re-selling in Europe, which is at the end of the heating season but needs a lot of LNG to arrive in the April-October period to refill gas storage levels, which have dropped significantly this winter that was colder than the previous three winters. In the early Friday afternoon…

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