Chinese buyers offer to resell LNG cargoes as they struggle with weak demand

Japan has been doing it for a while now. China starts to shed its LNG longterm portfolio as well. So will others. There are not many places to go to. Europe is the biggest, best and only one with nearly unlimited potential for swallowing whatever one throws at it. Don’t expect Gazprom to like that as it will cement prices in Europe on the floor. Oh, there was never a better time to build a regasification terminal in North-Western Europe. Germany is a case in point. If I am a large Chinese or Japanese portfolio player I would invest into developing one o two of these.

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