Tankers Left Idle as Atlantic Ship Demand Struggles

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Oleksandr Kalinichenko/Dreamstime

Limited demand for LNG tankers and resulting high vessel availability in the Atlantic Basin have led to a buildup of ships in ballast offshore Spain, with spot charter rates, in particular, struggling to pick up.

LNG Demand, LNG Trade, LNG Supply, LNG Prices, LNG Spot Trade
Wanda Ad #2 (article footer)
A further increase in gas hub indexation in piped gas and LNG contracts highlights its importance for flexibility and security of supplies.
Tue, Sep 26, 2023
Turkey’s Botas will supply up to 2.2 Bcm of gas to Romania over a period of 18 months starting Oct. 1.
Wed, Sep 27, 2023
Spot LNG prices in Northeast Asia and in Southwest Europe were both assessed at $14.50/MMBtu, a $1 and $4 week-on-week jump, respectively.
Tue, Sep 26, 2023