Europe Is Still Attracting A Majority Of U.S. LNG Despite Price Plunge

Despite the recent plunge in the European benchmark gas prices to below the North Asian benchmark, Europe continues to attract most of the U.S. exports of LNG as demand in Asia is still weak. Last week, around 68% of the LNG shipments out of the United States were headed to Europe, with just 27% going to Asia, Laura Page, senior analyst at data and analytics firm Kpler, told Bloomberg on Wednesday.   Europe’s benchmark gas prices at the Dutch Title Transfer Facility (TTF) have slumped in recent weeks, due to warmer-than-usual weather…