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Market Chatter: US LNG Exports Tilt Toward Asia as Prices Outpace Europe

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Asia claimed a larger share of US liquefied natural gas exports than Europe in June for the first time in almost two years as stronger regional pricing and robust Egyptian demand redirected cargoes, Reuters reported Wednesday, citing LSEG data.

Europe received less than 42% of US LNG shipments during the month, down from more than half in May, while exporters steered additional cargoes toward Asia as spot prices there outpaced European benchmarks.

Europe imported 4.41 million metric tons of US LNG in June, while Asia received 3.25 million mt, including a record 1.06 million mt delivered to Egypt, according to data.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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