US LNG is still a rare visitor to European shores despite low LNG stocks — especially in northwest Europe — and high European hub prices. Only three cargoes to UK, Netherlands so far in 2018 European hub prices high, but not competing with other markets Netbacks to northeast Asia higher for June delivery Once expected to be the mainstay market for US LNG cargoes, Europe remains relatively untouched by supplies of cheap US shale-based liquefied gas, and current pricing suggests cargoes will continue to be attracted to other, higher-priced markets. European gas and LNG stocks were drawn down to record low levels at the end of the winter on freezing temperatures, leading to an expectation that LNG supplies would rise over the summer to help refill the depleted stocks. US LNG from the Cheniere-operated Sabine Pass terminal and the newly operational Cove Point facility were seen as likely candidates […]