Commodity Traders Find Huge Arbitrage Opportunity As LNG Ships Head For Europe

A breakneck rally in European natural gas prices continued Tuesday, catapulting the benchmark to a new record high with premiums above Asia and the U.S. and creating massive arbitrage opportunities for U.S. liquefied natural gas (LNG) traders.   Commodity traders with uncommitted LNG cargos from the Atlantic basin headed to Asia via LNG carriers are changing their routes to supply European customers willing to pay a hefty premium.  Dutch front-month futures gained 33.55 euros/MMBtu over the prior day to close at 182.30 euros, a new…