The global LNG market remained in “oversupply” during the third quarter of 2019, with the start-up of the 5.0mtpa US Freeport LNG train 1 adding yet more output to an already oversupplied market.
Europe continues to act as the global clearing-house, absorbing the excess cargoes into its liquid spot gas trading markets. However, there was a marked shift southwards during the quarter, with Spain showing the largest year-on-year import gains of any country, and a downturn in flows to the UK and the Netherlands compared to the second quarter.
The LNG Edge: Q3 2019 Trade Flow Report showcases data from the comprehensive LNG information platform LNG Edge to provide the latest update in key import and export flows, as well as a view from our analysts on the quarter ahead.
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