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LNG Flows Switching From South Asia and Latin America to Europe

LNG

High LNG flows to Europe have impacted supply to South Asia and Latin America

  • Natural gas prices in Europe and Asia have surged more than 150% since Russia invaded Ukraine
  • Europe is paying more to ensure adequate supplies, but emerging nations can’t compete and has resulted in a shift in LNG flows to Europe
  • Pakistan and Bangladesh grapple with blackouts, India has cut gas supply to some industries and Argentina is struggling to afford spot LNG.
  • Gas deliveries that were scheduled for Pakistan or India are being redirected to Europe, where buyers are paying higher prices.

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