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TODAY IN ENERGY: U.S. LNG exports to Europe increase amid declining demand and spot LNG prices in Asia


  • A warm winter in Asia and declining price differentials between European and Asian spot natural gas prices led to increased volumes of U.S. LNG exports delivered to Europe.
  • Recent declines in price differentials between European pricing benchmarks (including National Balancing Point (NBP) in the United Kingdom and Title Transfer Facility (TTF) in the Netherlands) and Asian spot LNG prices (including Japan LNG spot prices) have affected the flow of flexible (i.e., without a fixed destination specified in an offtake LNG contract) U.S. LNG exports.
  • The U.S. Energy Information Administration (EIA) expects U.S. LNG exports will continue to increase in 2019 as the first trains at the two new liquefaction facilities (Freeport LNG in Texas and Elba Island LNG in Georgia) come online in the next few months.



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