Global LNG trade shifts towards Asia as European imports plunge

Europe monthly LNG imports decline sharply in 2026

Global LNG trade shifted sharply towards Asia in July 2026 as competition for flexible cargoes intensified amid continued disruption to Middle Eastern supply. European LNG imports plunged 32% year-on-year to 6.22 Mt, their lowest level since September 2021, while Asian imports increased 8.8% to 23.15 Mt as higher Asian spot prices attracted flexible US cargoes away from Europe. Why we selected […]

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