Subscribe to RSS feedCold snap provides brief relief for the LNG market
THE SUDDEN sharp cold weather affecting most of the northern hemisphere in recent weeks has given a limited boost to the liquefied natural gas market and provided much needed employment for some idle LNG carriers. But ongoing surplus capacity means that the impact is likely to be relatively short-lived.
A more sustained recovery will depend on more planned projects coming on-stream providing longer-term employment.
The earlier accumulation of idle LNG tonnage developed mainly because of delays in bringing planned projects into service, which resulted in ships ordered to serve...
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