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Closed LNG arbitrage endangers winter supply to Asia

October 2, 2023 Comments Off

The negative price arbitrage for Atlantic LNG cargoes into Asia since April has restricted inter-basin trade and made it more difficult for Asian consumers to access spot supply heading into peak winter season, according to data analysis and industry feedback. While global competition for LNG cargoes this year has eased from 2022, there are lingering concerns that Asia could be…