China sold several US LNG cargoes to Europe, a rare move by the world’s top buyer that highlights how sky-high prices are rerouting trade flows 🇨🇳🚢🇪🇺
Unipec sold shipments for summer delivery to Europe as the EU seeks to cut dependence on Russian gas
bloomberg.com/news/articles/…
Unipec sold shipments for summer delivery to Europe as the EU seeks to cut dependence on Russian gas
bloomberg.com/news/articles/…
🇺🇸 The shipments will load from Venture Global LNG Inc.’s Calcasieu Pass export facility in Louisiana
venturegloballng.com/press/venture-…
venturegloballng.com/press/venture-…
European natural gas rates surged to a record high last week on fears that the war in Ukraine will curb flows from top supplier Russia
The rally prompted Unipec’s traders to turn away from the lower-priced Chinese market, even as Beijing demand its importers secure more fuel
The rally prompted Unipec’s traders to turn away from the lower-priced Chinese market, even as Beijing demand its importers secure more fuel
Unipec, the trading arm of China's Sinopec, signed a deal with Venture Global last year to purchase LNG from Calcasieu Pass (and the upcoming Plaquemines plant)
US LNG gives Unipec flexibility to choose between bringing it to Asia or reselling to Europe
venturegloballng.com/press/venture-…
US LNG gives Unipec flexibility to choose between bringing it to Asia or reselling to Europe
venturegloballng.com/press/venture-…
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