For the first time in nearly two years, less than half of US (liquefied natural gas) LNG exports last month went to Europe as stronger prices in Asia and record imports by Egypt diverted cargoes, according to preliminary ship-tracking data from LSEG. The shift marks the first time since July 2024 that Europe has not taken the majority of monthly US exports of LNG. European buyers, who still need to refill storage ahead of the next winter season, have been waiting for better prices.

HOUSTON, July 1 : For the first time in nearly two years, less than half of U.S. LNG exports last month went to Europe as stronger prices in Asia and record imports by Egypt…

LNG flows from European terminals into the EU gas transmission system totaled around 10.1 bln cubic meters