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U.S. Exports Of LNG Dip In May
LNG exports out of the United States fell in May to 7.66 million tonnes, according to shipping data cited by Reuters. That’s a 0.35 million tonne dropoff from the previous month. The United States shipped less LNG to Europe in May, while increasing LNG exports to Asia and Latin America. Asia’s thirst for U.S.-derived LNG intensified in May as Asia LNG prices for July delivery increased. But Europe’s LNG prices have eased, weakening the continent’s appetite for U.S. LNG. For the month of May, the United States exported 60.5% of all its outgoing LNG to Europe, 14% to Asia, and 11% to Latin America, the shipping ... (full story)