Shell?s acquisitions of BG Group and Repsol’s LNG division, growing US LNG exports, and the widening of the Panama Canal have changed the flow of LNG trade.

Peru loaded its first ever cargo of LNG to the UK in February, in a move that experts say indicates the start of a new dynamic in transatlantic LNG markets. The 135,715 m. Gallina was loaded on February 6 at the Peru LNG terminal, according to state-run Perupetro and sold to Anglo-Dutch major Shell.

The cargo arrived a month later at the UK Isle of Grain terminal in southeast England, although Shell owns capacity at Dragon LNG in Wales. Isle of Grain operator, National Grid, said that its terminal had the right-sized facilities for nitrogen injection.

It is significant…

Full article in Volume 2, Issue 5 of NGW Magazine. Now available.