Quick change in course reflects agility of trading firms in sending LNG supplies to Europe or Asia, whichever pays, as colder weather increases competition between the two regions for the fuel
There will also be delays in the upcoming LNG supply projects across the Americas, so Europe and Asia will have access to less LNG next year than originally expected, analyst at Goldman Sachs said
India LNG Transport is a collaboration between the Indian shipping company and Japanese firms Mitsui OSK Lines Ltd., Nippon Yusen KK and Kawasaki Kisen Kaisha Ltd
The spread between the Japan Korea Market, used as an Asian benchmark, and the Title Transfer Facility, the European gas benchmark, was assessed at $2.79 per million British thermal units on Wed
