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#uslng — Public Fediverse posts

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  1. Each spot cargo of #LNG entering Europe could fetch $37m in profit, down from $200m at the height of last year’s price spike

    🤓 Energy Flux analysis of #USLNG profitability quoted in this Guardian article

    theguardian.com/environment/20

  2. This means there's no baseload demand anchor for LNG in the Chinese energy mix. And with lots more non-LNG (ie cheaper) gas in 🇨🇳 competing for the same outlets, there's potential for structural excess. The easiest way to deal with that is divert flexible #USLNG cargoes to 🇪🇺

  3. Why? LNG cargoes are chasing profits, and there are slim pickings in Asia.

    The delivered price of #USLNG to Europe is still marginally higher than Japan, despite TTF weakness. Chinese gas demand yet to reawaken