Country surpasses traditional suppliers such as Qatar, Nigeria and Algeria, as well as newcomer US
London — Russia delivered a record amount of liquefied natural gas to Europe in February, becoming the biggest supplier of the chilled fuel to the continent for the first time.
The jump in Russia’s deliveries to Europe shows how lower-than-expected LNG demand and lower prices in Asia have made Europe a top destination for LNG produced in the Atlantic basin this winter, a drastic change from the previous winter. Some traders expect the price spread will remain tight throughout 2019, with Atlantic-produced cargoes continuing to come to Europe.
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