Yet, Europe’s higher LNG imports in December have not been at the expense of Asia, which also boosted imports of the super-chilled fuel last month to the highest in 11 months, per the data compiled by Kpler. Europe’s December import volumes represented a 23% surge compared to the LNG arrivals in November of 8.86 million tons and were the highest since the 11.18 million tons of imports in January last year, the data showed. Despite the fact that the Panama Canal is now becoming a feasible option for LNG cargoes in 2025 with the start of the slot allocation system, the US arbitrage to northeast Asia via the Panama Canal “is similarly firmly closed at -$0.544/MMBtu,” the analysts noted.
Author: Tsvetana Paraskova
Published at: 2025-01-08 23:00:00
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