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US LNG cargo oversupply to Europe mounted in August, trade-flow data shows

September 3, 2022 Comments Off

Nearly 60% of US LNG cargoes delivered in August landed in Europe as the Continent filled up storage to prepare for peak winter demand amid ongoing reductions in Russian pipeline gas, an S&P Global Commodity Insights analysis showed. That trend could continue, with the Nord Stream gas pipeline from Russia to Germany offline indefinitely due to what Moscow said Sept….