LONDON: A tense global hunt for liquefied natural gas (LNG) sparked by the war in the Middle East is starting to shift physical supply flows, as more shipments bound for Europe are diverting to Asia.
At least eight cargoes initially headed to Europe have changed course to Asia since the start of the fighting, according to ship-tracking data compiled by Bloomberg, with the trend accelerating in recent days.
A buffer of spare supply is quickly drying up, threatening more competition and higher prices for both regions.
Continue Reading on The Star Malaysia
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.