Free Trial

Uniper Prepared for LNG Cargo Swaps

LNG

Germany’s struggling utility Uniper has told Reuters it is prepared to swap Australian LNG cargoes for US gas this winter to boost supplies to Europe at a quicker pace.

  • Uniper could make available to customers in Europe, U.S. LNG that was earmarked for Asian customers and could be sitting in the Atlantic, speeding up potential supply according to the reports.
  • "Uniper does its utmost to bring in additional or redirect existing cargoes to Germany. The volumes from Australia could be swapped against volumes originating in the U.S. and currently in the Atlantic and destined for Asian buyers in China, India and Japan," a Uniper Spokesperson said.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.