Tankers with American LNG change route and head to Europe
news.online.ua
Fri, 24 Jan 2025 20:01:05 +0200
What is known about the course of tankers with American LNG to EuropeAccording to the publications journalists, at least 7 tankers with American liquefied gas, which were heading to South Africa, Asia, and Colombia, have changed their route and are now sailing to EU ports.
Its unusual to see so many price changes and so many obvious reversals, notes LNG market analyst Alex Frawley.
The authors of the material attribute this to the increase in gas prices on the European market, caused by the cessation of Russian gas transit through Ukraine against the backdrop of a significant cooling in Western European countries.
Against the backdrop of rising prices, American companies and traders are able to earn higher profits compared to exports to Asian countries.Analysts at Spark Commodities note that redirecting gas carriers with American LNG to European ports increases profits per tanker by an average of 5.3 million.
Europe is increasingly relying on its ability to draw in LNG after losing Russian gas via Ukraine as it depletes its storage capacity.
EU gas storage facilities were 59 percent full as of Monday, down 15 percent from the same period last year, the publication said.
Will the EU continue to buy Russian gasThe European Union has not yet imposed any sanctions on the import of Russian gas, so it is currently purchasing it at a record pace.But now Europe buys gas mainly in liquefied form, rather than through pipelines.
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