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    LNG Supplies From US to Lead to Price Convergence at Various Hubs - Fitch

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    The emergence of US liquefied natural gas (LNG) as a competitive alternative for European and Asian customers together with the glut in the market should lead natural gas prices to converge at major hubs, Fitch Ratings agency said Friday.

    MOSCOW (Sputnik) — According to the agency, the first shipment of US LNG arrived in Europe at the end of April, and it remains unclear how many more shipments will arrive. Fitch noted that such shipments will increase liquidity in the global LNG market.

    Fitch predicted that Europe would prove to be a more attractive market for LNG supplies from the United States than Asia because of lower transport costs.

    Washington has long been pushing for LNG exports to Europe, arguing that such supplies would help its European allies decrease their dependence on Russia energy.

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    LNG, Fitch, United States
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