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Barclays: 2010 to bring change to global LNG trade

03/01/2010
With the turn of the year, Barclays Capital analysts reviewed major developments in global LNG trade for 2009 and offered insights for 2010 in a research note published in late January.In 2009, said James Crandell, Biliana Pehilvanova, and Michael Zenker, weak Asian demand and growing global supply pushed a large number of spot LNG cargoes toward the Atlantic Basin. Rather than flooding US markets, as was feared, however, Europe absorbed most of the excess, as the continent rejected pipeline imports and filled storage to accommodate record LNG. European markets maintained a small price premium to the US.Global oversupply last year pushed natural gas prices in Europe, the Americas, and Asi...
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