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Low Prices And Tanker Traffic Leave $2 Billion Of LNG Floating Off Europe ...Middle East
More than 30 tankers carrying $2 billion worth of LNG are currently idling off Europe’s coasts as regasification terminals are full and traders expect European natural gas prices to start rising again as winter approaches, the Financial Times reported on Friday, quoting data from energy flow analytics company Vortexa. According to Vortexa’s head of LNG, Felix Booth, the tankers idling off the coasts of northwest Europe and off Spain and Portugal currently have an incentive to stay where they are, waiting for higher gas prices in the…
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