Europe falls behind in US gas imports to Asia

Reports indicate that Europe accounted for less than half of U.S. liquefied natural gas (LNG) exports in June, as shipments were directed towards Asia due to higher prices there compared to Europe. Spot prices in Asia outstripped those in Europe, prompting exporters to reroute shipments eastward. Consequently, Europe's share of total exports dropped to around 42%, down from over 50% in May, with increased exports from Latin America and some shipments sent to unspecified markets.

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