HONG KONG: Asia’s relentless buying of liquefied natural gas (LNG) earlier this year has left the region so well stocked for winter that spot shipments are being diverted to energy-hungry Europe.
Multiple vessels are now being diverted from Asia after prices in Europe traded at a rare premium, traders with knowledge of the matter said. A looming LNG wave will bring much needed supplies just as temperatures are dropping fast and is helping push European gas prices down from record-highs last week.
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