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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: marcher who wrote (185375)	3/14/2022 11:26:35 PM
From: TobagoJack	1 Recommendation Recommended By marcher Read Replies (1) \| Respond to of 217596

Team China fixed trade balancing :0)))))) Helping EU to stand up better to the Russians with warmth and tenacity bloomberg.com China Sells U.S. LNG to Europe at a Hefty Profit Unipec sells several summer cargoes to Europe via tender High gas prices in Europe are rerouting LNG trade flows Stephen Stapczynski 15 March 2022, 10:00 GMT+8 China sold several U.S. liquefied natural gas shipments to Europe, a rare move by the world’s top buyer that highlights how sky-high prices are rerouting trade flows. Unipec, the trading arm of China’s state-owned Sinopec, sold at least three LNG cargoes for summer delivery to ports in Europe via a tender that closed late last week, according to traders with knowledge of the matter. The shipments will load from Venture Global LNG Inc.’s Calcasieu Pass export facility in Louisiana, they said, requesting anonymity to discuss private details. 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 amid concerns over wartime disruptions. Read more: Europe’s Plan to Cut Russian Fuel Starts a Global Gas Fight European gas usually trades at a discount to LNG in North Asia, home to the top importers. But Europe’s plan to ditch Russian gas means that it will need to significantly boost LNG imports, with the continent’s prices primed to stay higher than Asian rates as it seeks to attract every last drop of fuel from the spot market.