COLUMN-China buys more LNG, but can't offset the rest of Asia's losses: Russell - Reuters

COLUMN-China buys more LNG, but can't offset the rest of Asia's losses: Russell - Reuters:

Notwithstanding the achievement in shipping the first liquefied natural gas (LNG) cargo from the world’s largest vessel, Prelude owner Royal Dutch Shell probably wishes it was selling its product into better market conditions.

The Prelude floating LNG vessel - about four soccer fields long - dispatched on Monday its first cargo from its position off northwestern Australia to a customer in Asia, Shell said in a statement on Tuesday.

When Prelude was conceived more than a decade ago, Shell would have been confident that Asia was the right market to target for LNG, given the region’s strong energy demand growth and the need for cleaner fuels than coal.