Tuesday, June 28 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Gas News
Today's News
Yesterday's News
Week of Jun 27
Week of Jun 20
Week of Jun 13
Week of Jun 06
Week of May 30
By Topic
By News Partner
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Gas News > News Article

    Share by Email E-mail Printer Friendly Print

    Europe does not have time to receive incoming LNG shipments


    May 25, 2022 - Turan Information Agency

     

      Baku/25.05.22//Turan: The exhaustion of free capacities for receiving liquefied natural gas in Europe leads to an increase in the waiting time for unloading LNG tankers, a reduction in ship capacities around the world, which becomes a new factor in the growth of fuel prices, Rystad Energy analysts say.

      Experts point to a lack of empty tanker unloading and parking spaces at terminals in Northwest Europe, including the UK, with gas pipelines from LNG importing countries to neighboring countries already operating at full capacity.

      The waiting time for tankers to unload is increasing, in fact, many ships on the high seas have turned into floating storage facilities, Rystad notes. This reduced the number of boats available on the market, pushing up charter rates in the Atlantic.

      With most of the ships on the spot market sailing across the Atlantic to Europe, the supply of ships in the Pacific has suffered, which has also pushed up freight rates in the Asia-Pacific region.

      According to Gas Infrastructure Europe, over the past 7 days (May 16-22), the acceptance of LNG terminals in Europe has decreased by 4% compared to the figure for the first 7 days of May. At the same time, stocks in terminals increased by 9%. The average level of terminal bandwidth usage remains below 65%. -0-

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.