Europe last month remained the top destination for shipments of U.S. liquefied natural gas (LNG), according to Refinitiv data, outpacing exports to Asia for the second month in a row.
About two-thirds of U.S. LNG volumes went to Europe last month, compared to around 61% in December when sky-high European prices and demand drove U.S. LNG exports to a record, Refinitiv data showed.
LNG in Europe last month traded about $30 per million British thermal units amid concerns that cheaper Russian gas supplies were failing to keep up with demand in a standoff over Ukraine.
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