Asia Backs Away as Europe Becomes the LNG Price-Setter

Asian imports of liquefied natural gas are set for a decline this year as prices prove too high for some importing nations, forcing them to look for alternatives, while others boost domestic supply. European imports, on the other hand, are headed for another record year as flows shift. Imports of LNG in Asia this year are on course to reach 276 million tons in total, after a strong November, at 22.99 million tons and an even stronger estimated December, when imports could reach 26.86 million tons. All this is according to data from Kpler cited…