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UK the Main Destination for US LNG Exports

LNG

The UK is set to be the main destination for US LNG export cargoes in March after also seeing the most in Jan and Feb according to Bloomberg tanker tracking data. The UK is projected to receive 19 cargoes in March boosted by the cold weather at the start of the month.

  • Buying interest from Asia is led by South Korea, Japan and China. Diversions away from Europe are not evident with the front month JKM-TTF spread holding relatively unchanged since the start of February at 0.90$/mmbtu today.

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