Brazil received the most cargoes previous three months Narrowing spreads could change trade flows again China was the top destination for US LNG in November, after three consecutive months with Brazil receiving the most cargoes, S&P Global Platts Analytics data showed. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The shift in trade flows came as strong US Gulf Coast netbacks incentivized deliveries to Asia even as congestion at the Panama Canal made the voyage longer and potentially more costly. Spreads in the JKM derivatives market helped make the case for deliveries to Asia versus Europe during the month. Those spreads, however, have narrowed considerably since the start of December, suggesting the dynamics could change again. Though market volatility has eased in recent weeks, LNG prices in key destination markets remain significantly higher than a year ago. On Dec. 3, the Platts JKM – […]