- A wave of USA LNG Exports hits the market. Sometime in 2017, for the first time in 60 years, the U.S. will likely sell more natural gas to the world than it buys … Shipments to Asia are also set to rise as India increases LNG imports amid low prices.Europe could be in play, too, with the U.S. trying to compete with Russia, which supplies 40 percent of the European Union’s gas imports. Turkey, Russia’s third-biggest buyer, took its first LNG cargo from the U.S. in late September. “The fact that the U.S. is actually exporting, and particularly LNG to places where Russia has almost monopolistic power, is a huge development,” says Majed Limam, a senior consultant for LNG and natural gas at ship brokerage Poten & Partners.
Since it opened in June, the newly expanded Panama Canal is now wide enough for most LNG tankers. CHK up $0.19 or 2.83% on 2X 3m moving average volume. More significantly, it closed up 8.65% from the low of the day.
Please subscribe to the blog here and receive a complimentary spreadsheet ratio analysis of the top 4 North American natural gas producers.